David Craig, financier who led the way in kick-starting the London hedge fund scene – obituary

Next, Craig took a clerical job with Hambros in London, rising to join a team handling new Eurobond issues. From 1974 to 1976 he was the bank’s representative in Tokyo, returning to work alongside Rupert Hambro, building the bank’s business for Scandinavian issuers and investors.

In 1979 he became one of the first London staffers of Morgan Guaranty (later JP Morgan), which rapidly built its own strong position in Eurobond league tables.

Later, Craig merged his own fund into Sand Aire, a multi-family office which as its chief investment officer he steered shrewdly through the 2008 crash. He was also a director of Savills, Rand Merchant Bank in South Africa and the stockbroker Numis; his private investments included the online greetings card venture Moonpig and – reflecting his love of music – Operadio, a streaming service for opera buffs.

Deep Catholic faith drew Craig back to Ampleforth, and in later years, afflicted by Parkinson’s, he made pilgrimages to Lourdes. As the cruel disease advanced he did his utmost to maintain an active life: though he had to give up riding his Harley-Davidson, he could still shoot and swing golf clubs to surprisingly good effect.

David Craig married, in 1984, Sara Plummer, a general’s daughter who worked for Credit Suisse First Boston; she survives him with their son and two daughters.

David Craig, born November 1 1947, died July 6 2022

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