Quote: Hedge Funds Are The Mother Teresa Of The Finance World I came across this wonderfully sycophantic piece the other day and would have posted it earlier but I was looking for some figures from Simon Lacks ? The Hedge Fund Mirage The figures I was looking for are From 1998 ? 2010 the hedge fund industry took $379 billion in fees whereas investors only earned $70 billion. Managers pocketed 84% of all investment profits. Suddenly they dont seem so benign. Ch.T
more money than God... didn't the Lennon say something similar about the 'beetles being bigger than Jesus'... (before being shot). im not religious, but I tend to be rather reserved in my comparisons with deities James
...another good example to question the validity of a GFC Crisis? No... just the Fund managers not getting as big a slice of the cake as previously.
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