Thursday, January 22, 2009

Hedge fun news

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 indeed.

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