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.
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal
UK senior partner Phil Verity has been elected for a second term at Mazars