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Taube put his success down to caution, joking that "we only invest in countries where they wear overcoats in the winter". In recent months he had been buying gold and energy stocks, blaming the current market turmoil on the "mass stupidity" of "smartypants investors" who had been labouring under the
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When in 1982, Jacob
Rothschild's RIT and Northern bought a stake in Kitkat & Aitken it was said that the deal was devised to gain access to Taube, who became Rothschild's principal investment manager, a position he held until 1996. That year he left to establish Taube Hodson Stonex Partners,
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He made his name investing in then-undervalued German shares and rose rapidly through the ranks, becoming an analyst in 1951, fund manager in 1969 and senior partner in 1975. Taube's main fund was the St James's Place
Greater European Progressive fund, which returned an average of 15.74% a year
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After the collapse of
Communism, Taube became involved in charitable and advisory work for his native country. He helped run the Soros Open Estonia Foundation, became an adviser to an Estonian cabinet committee overseeing state investment, and was a member of the prime minister's research and
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After
Estonia regained independence, he was a member of the Estonian prime minister's research and development council, advisor to an Estonian cabinet committee overseeing state investments and helped run the Soros Open Estonia Foundation. He funded a cancer research laboratory at
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When asked recently if he was predicting a crash he replied: "I can't say I'm not" - and he described the present crisis as being "a cross between 1987 and the early 70s, when the market disintegrated".
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In the 1970s, he worked with George Soros, helping him to make money by introducing him to the gilts market. Soros was so impressed that he invited Taube on to the advisory board of the
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Nils Otto von Taube was born on 25 July 1928 to
Valerie Olga Doreen Girard de Soucanton (born 1904), who was the daughter of William Girard de Soucanton, the Honorary British consul in
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His charitable work, for which he was honoured by
Estonia in 1998, included paying for a cancer research laboratory at Tartu University and the funding of physics research.
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Taube moved to London in 1946 to study
Chemistry, but with family to support he left for the City in 1948, joining Kitcat & Aitken as an office junior.
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father Baron Axel von Taube (1901-1945), a member of baronial Taube af Karlö introduced at the House of
Knights in Stockholm, his family were resettled to
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between 1969 and 2006. He also ran the St James's Place
International Unit Trust, which grew an average of 15.23% a year between 1971 and 2006.
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and Hon. Noreen
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building up assets of ÂŁ9 billion. In 2006 he started Nils Taube Investments, where he worked until his death.
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delusion that it is possible to "buy listed companies and gear them up 10 times".
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Taube is survived by his wife, Idonea, born Tudor, daughter of Lt.-Col.
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requiring the resettlement of ethnic Germans from Estonia and Latvia.
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Recipients of the Order of the Cross of Terra Mariana, 3rd Class
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William Girard de Soucanton, Thomas Clayhills and Son
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of Hothfield and his wife Lady Ierne Louisa Arundel
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375:2008 deaths
370:1928 births
320:The Peerage
349:Categories
224:References
99:Nils Taube
78:Occupation
37:1928-07-25
25:Nils Taube
113:Biography
202:Hastings
218:England
67:England
45:Estonia
214:London
63:London
208:Death
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