It was a beautiful night at the Catford Races, interrupted only by a rare sight in the hospitality suite. Table upon table of risk/reward managers clattering away on their portable computers and calculators, chattering about Monte Carlo simulations, delta-hedging, Gaussian and Cauchy distributions and trying to make a quick buck on a combination trio bet. Terrified, the Catford Dogs authorities considered closing the book on this sharp-suited crowd, only to realise after the first race or two that it was possible to extract easily as much cash from this bunch as from your average crowd of punters.

Rachele, Z/Yen’s very own racing expert, organised it all in inimitable style. This reporter caused great excitement amongst the team by picking the winner in the final race, a high risk transaction which nearly generated sufficient reward to enable him to give our “tote person” a modest tip for the evening. Under the watchful eye of Z/Yen’s bank manager (overseeing the potential for reinvestment of corporate profits) a great time was had by all.