A licence to print money?

matthew lynn

There is no quicker way to make lots of money than starting a hedge fund, right? Wrong.

Hedge funds may not be worth as much as you think. The evidence from the two listed hedge fund operators in London - including Man Group Plc and Rab Capital Plc - is that even though such investments are good ways to boost income, they aren't generating great returns for the managers. You might be better off going into, say, plumbing supplies, or internet poker, both of which may have better growth prospec

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