From: victoria.ovantine@fkim.com
To: e-trader@fkim.com
Subject: Welcome back

Your decision to bail out of the oil and mining sector a couple of weeks ago was brilliant. Liquidity has been high in both funds, but we are seeing some redemptions in the unit trust. Let’s catch up soon.

From: stephen.james@fkim.com
To: e-trader@fkim.com
Subject: An update

I know I promised to brief you on Hugh’s ideas on your return, but all this turmoil in markets has intervened somewhat. Can we talk next week?

From: brad.norman@jobsforboys.co.uk
To: e-trader@fkim.com
Subject: Re: Remember La Manga?
Funny you should mention the delectable Sharon – you are not the only person to have been asking about her recently. A hedge fund manager met her in Phil’s box at Cheltenham and was on the blower shortly afterwards. Coincidence? I think not.

From: phil.dump@pgbrokers.co.uk
To: e-trader@fkim.com
Subject: Reinvestment ideas

All that cash you raised before you took off on hols must need a home. Did you see Sainsbury’s results this morning? They are well on the mend and are just the sort of defensive share you need in these turbulent times. How many can I buy for you?

From: luke.sporgman@fkim.com
To: e-trader@fkim.comSubject: Current Investment Strategy

Running recent economic data and asset price changes through our models suggest we need to adopt a more defensive approach to portfolio construction. What did you think of my proposed new fund, by the way?

From: e-trader@fkim.com
To: george.lark@virgin.net
Subject: Am I glad to be back?

I would be if only I knew what Hugh Golder was up to, if Luke Sporgman wasn’t such a devious control freak and if I wasn’t worried that a recent indiscretion might be following me to London. Why can’t life be simpler?

To be continued…