
Raging bull market
Twelve bankers loosen their ties and tighten up their boxing gloves in the name of charity, writes Sarah Simpson
As Sugar Ray Leonard once proclaimed, “Boxing is the ultimate challenge. There’s nothing that can compare to testing yourself in the way you do every time you step into the ring.” Although the kings of the banking world may disagree, citing the often cut-throat business meetings that take place within the office towers of Central, there’s no denying that the contestants for the fourth annual Hedge Fund Fight Nite are in for an intense physical and emotional challenge.
This is the event that bank employees Hong Kong-wide look forward to, as a selection of brave banking bosses and hedge-fund managers prepare themselves for a series of testosterone-filled rounds of boxing. The competitors started at a solid 40 but have been dwindled down over the weeks of intensive training to 12 finalists who will compete on October 28 for top bragging rights.
So why boxing and banking? On the surface they may seem worlds apart, but as Adrian “The Asian Sensation” Wong of Erste Group Bank AG explains, the boardroom and the boxing ring appear to have a few commonalities. “Every day is win or lose. You’ve got to learn from your mistakes, which is the same thing as here. You’re always testing yourself.”
However the similarities don’t make it any easier to get to a training session after a long day at the office. “I think the hardest thing is that sometimes after a long day at work, it’s tough to drag yourself to the gym and know that you’re going to sweat and push yourself all over again. So just as long as the mental aspect of it is there, it’s quite easy to go through the motions. It’s just getting there. It’s like the first step is the hardest step.”
As the training sessions progressed, the contestants have had to pick up their game and focus on the gruelling regime boxing coach Lawrence Tauasa has set out for them in order to ensure they are ready for the tough competition. “At the beginning [training] was very much fitness orientated. Lots of exercise, lots of repetition and now it’s a lot more sparring and combination focused, and just getting your stamina up that way. Stamina is key,” explains Chaterhouse’s Guy “Bruised by Guy” Erricker.
In terms of syncing diet and fitness, each fighter is managing it in their own way. Like a typical Hongkonger, Mark “Money” Hiriart of JP Morgan is doing his on-the-go. “I’m training like twice a day at the moment but I have to work in a 12, 13, 14 hour day as well in amongst that so I just keep eating all day to have energy to go to training afterwards.” On the other hand, Wong has followed a more stringent line. “I don’t drink alcohol anymore. I don’t eat fried foods or anything which is processed.”
Despite the mental push it takes to get down to the gym, and a few new bruises, training at this level has tremendous benefits for body and spirit. A loss of body fat and improved fitness are obvious perks but as Hiriart has found, it also lessens any tension at work. “You find you can cope with the stress of work a lot better because nothing compares to being punched in the face.”
In the end it’s not all fun, games and bloodshed. The driving force behind the event is to raise money for international children’s charities Operation Smile and Operation Breakthrough. All proceeds, from beverages to table sales, will go directly to the pair of charities which aims to “repair children’s facial deformities and combat crime and juvenile delinquency in low-income and immigrant communities”. The 2009 edition of the fight raised a staggering $1 million and this year the goal is to go beyond that mark.
This black tie event will cater to around 800 members of the financial community as they enjoy a four-course dinner and six quality bouts of boxing. “All of work is coming, and hopefully a couple of tables of friends and clients as well. So if I screw it up, I’ll know about it. It’s probably the first time that I’ll be in front of sort of 800, 1,000 people so I’m just worried that I might get my lights punched out,” says Erricker.
Hedge Fund Fight Nite starts at 7pm at the Indian Recreation Club on October 28. Book your seats for the event at
www.ironmongerevents.com.
Photo by: Calvin Sit