By Neil Wilson
this new age of austerity, public debate in the UK and other
major economies continues to be inflamed by uproar over the
perceived scandal of bankers' bonuses. Rightly or wrongly, the
public perception seems increasingly clear that the banks have
been free-riding on either explicit or implicit taxpayer
guarantees. And this has been piling the pressure on
politicians to "do something" about it.
But where does all this public furore and desire for
retribution leave hedge funds? In the short term, it leaves
them in an awkward place, it seems to me - damned in the public
mind with guilt by association and their perceived proximity to
the banks. After all, hedge funds do work very closely with
banks - who provide key finance and operational support, plus
As many in the industry have argued forcefully since 2008
(ourselves included), unlike the banks the hedge funds...