Bermuda's businessmen used to be famous for sporting their knee-length Bermuda shorts with long socks and collared shirt. But a sartorial revolution is afoot: chinos are proliferating as a new wave of hedge fund and private equity managers from London and elsewhere wash up on the island's shores.

As Roger Crombie, editor of Bermuda Re, a trade newsletter, notes: "Mandatory open-necked checked shirts have replaced the previously mandatory buttoned- up golf shirts."