The Signs Were There - The clues for investors that a company is heading for a fall , Author
Tim Steer toured with Meatloaf, Diana Ross, Cheap Trick, The Cars, Thin Lizzy and The Jam as a sound engineer, and managed the Pink Floyd’s sound and lighting system after the album ‘The Wall’. At the time it was one of the largest systems in the world. He then embarked on a new career and qualified as a Chartered Accountant with EY, and became one of the most highly rated investment analysts at HSBC James Capel and then Merrill Lynch, where he was Head of Research of Pan Euro Small/Mid Caps. In 2000, he was a founding shareholder in New Star Asset Management and in 2009 he joined Artemis where he was part of the team that purchased the business back from RBS. Tim Steer was one of the most highly ranked fund managers in the UK being rated Triple A by Citywire and he ran both long and absolute return funds. At its peak he ran $4 billion of assets, a significant portion of which was held in short positions. He has written regularly for The Sunday Times, The Sunday Telegraph and featured recently in the Channel 4 dispatches documentary on the collapse of Carillion. He is the author of ‘The Signs Were There’, a book that points out that for many company disasters such as Carillion, Autonomy and Patisserie Valerie, there are warning signs in the company’s financial statements for those who bother to look.