Rigorous risk management and a flexible and disciplined trading style have driven the growth of Guillaume Fonkenell's macro and emerging markets operation since 2001
If ever any hedge fund had to undergo a baptism of fire, it was Pharo. On the morning of 11 September 2001, just nine months after launching their new firm, Guillaume Fonkenell and his colleagues were at work in their offices on the 85th floor of the World Trade Centre in New York when the plane struck the tower just a few floors above them.
Having fought their way through the smoke and confusion to make the hour-long stairway descent to ground level, they escaped from the building shortly before the neighbouring tower collapsed.
The disaster recovery plan kicked into action and, although all their computers, and paper records were lost, Pharo lost no money - and the firm was fully operational again within...