Five hedge fund billionaires with a combined wealth of $29bn (£19bn) will be
called to account tomorrow on the activities of their secretive, high-risk and
barely regulated industry at a hearing of the US Congress’s house oversight
To their enemies, John Paulson, George Soros, Jim Simons, Ken Griffin and
Philip Falcone are the robber barons of the modern economic orde, the
Research has found more than 350 hedge funds were liquidated this year. The
average fund has lost 15% of its value over five successive months of decline
and some predict the industry could shrink by a half.
John Godden, managing partner at London-based hedge funds consultancy IGS,
says the industry has expanded too far and too fast, at the cost of quality.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016