The hedge fund industry held £1.93 trillion in mid-2008. It now holds £1.4 trillion, according to a report in the paper edition of the Grauniad which I cannot find on-line.
That's nearly $500 billion gone, or 27% of the total capital.
All together now:
Money, money, money
Must be funny
In the rich mans world
Money, money, money
Always sunny
In the rich mans world
Aha-ahaaa
Aha-ahaaa indeed.
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