Insight - David Lloyd Owen
- From: Vol 6, Issue 6 (June 2005)
- Category: Analysis
- Region: Europe
- Country:
- Related Companies: Azurix, Ecofin, Glas Cymru and Terrapin
Hedge funds take to water.
There was a time when hedge funds were genuinely esoteric instruments assembled by Nobel Prize-winning economists, which in turn generated losses that only central bankers could stem. A decade on and the term has simply become a catchphrase for actively managing financial instruments, albeit usually with a pretty esoteric fee structure. Indeed, despite the British government’s apparent aim of ...
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