Because hedge fund managers can offer investors the ability to hedge as well as to dial up and down the risk they want to take, they offer what is simply a better and more sophisticated way to manage money
By Neil Wilson
In 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