In 2013 Bob Geldof was awarded the Freedom of the City of London for his outstanding contribution to international social justice and peace.
Strangely there was no mention of his services as a corporate mouthpiece for the financial services industry, which is an odd omission.
For at the time Geldof was in the throes of launching his own hedge fund and he was supporting what the Wall Street Journal called, a “huge private equity push into Africa,” Geldof’s 8 Miles Fund boasts a distinguished team of advisors, concentrates on African investments, and has attracted the support of J P Morgan. Typically, he deflects awkward questions with a joke, calling himself a “private equity whore”.
But Geldof’s partner in this venture could hardly be more respectable. Merchant banker Mark Florman is a former Conservative Party fund raiser, BBC trustee and, when not working on philanthropic ventures, is busy defending the City of London from regulation via his other role as head of the British Private Equity and Venture Capital Association. Read more