This is a post from an asset manager. You cannot comment on the post as Muzinich has turned off the comments facility on Linked in.
I am wondering what the “appropriate” response to the post is.
Should it be
- Muzinich are big swinging dicks -being to be able to hire a large private room in one of London’s most expensive restaraunts.
- Muzinich didn’t get anyone to turn up (doesn’t look max capacity to me). This joke being corporate sabotage by a disgruntled employee.
- Muzinich got people to turn up but didn’t want to implicate them in this “freddy-freeloader” convention.
- Muzinich are showing their conspicuous consumption to impress us
Do people still think that it’s a good idea to advertise corporate excess , dressed up as a seminar – in a public place? Clearly the answer is “yes”. Clearly the answer should be “no”.
Who/where were the guests?
A perusal of the Bribery Act is all most people need not to be photographed attending a posh event like this. That Muzinich has attracted a max-out suggests that they have promised anonymity and….
- Bloody good food . wine and service
- Networking with people who might offer you a better job
This is known – outside of financial services circles – as a gravy train. It is about as unlikely that we can know who attended, as that we can comment on the post.
Why this conspicuous consumption?
It isn’t hard to work out who paid for this event. If you want a clue try Muzinich’s linked in profile.
Muzinich & Co. is a privately owned, institutional-focused investment firm specializing in public and private corporate credit.
This is an American company selling stuff into the UK to consultants and institutional buyers. The consumer will never know they are investing through Muzinich , through the DB pension scheme and consultancy community””
We know who Muzinich’s customers are, but it looks like us consumers are ultimately paying the bill.
Here is a picture of the leads of Muzinich’s London office (courtesy of their website)
These are the guys who post the
piss-up, “late cycle credit investing seminar” turn off the comments box and protect their customers and consultants from the likes of me.
Not a lot of diversity- huh!
This is where your money goes
This is part of the process i call fractional scamming. There are hundreds of Muzinichs out there. They hang out in 1 Lombard St and the Ned and all the other places only too pleased to receive your money.
Don’t be any doubt that it’s your money – these guys are spending. And whoever were in the room were eating and drinking away your life savings.
That Muzinich feel it appropriate to post their events on Linked in , suggests that the Bribery Act is a dead duck and that – for all the efforts of Chris Sier and Andy Agethangelou, the gravy train is still at the station – at least for this lot,