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.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements