Albourne Partners Ltd. has moved up in the world; way up, in fact.
The alternative investment consulting firm just last month became close neighbors to Buckingham Palace. The new, modern office on Palace Street is a far cry from the converted London convent located between a gas storage facility and an animal shelter where Albourne's employees worked for 14 years.
“Honestly, the digs at the Battersea Dogs & Cats Home were much nicer than ours,” Simon Ruddick, managing director and CEO, said in an interview.
Albourne's old "hood was very bleak. “Is there an urban postcode on the planet so bereft of a Starbucks, an ATM, or even just a safe taxi home?” pondered Albourne executives in an announcement about the move.
But a feature of the old office moved to the new location. An in-house bar has been installed, complete with the same illuminated windmill that graced every Friday afternoon's drinks party. “A bar is a source of comfort and joy,” Mr. Ruddick said, hastily adding the TGIF affair has become something of an open house over the years for hedge fund industry glitterati, friends of the firm and clients.
“Clearly our move will lower the tone of both neighborhoods: It is a kind of reverse-reputational-arbitrage,” summarized Guy Ingram, managing director, in the change-of-address announcement.