The new meritocracy

toles-11-5.occasionallinks&commentarySource: Tom Toles Political Cartoons

Hat tip to occasional links and commentary

Hedge funds are misnamed.  Very few of them are designed to hedge against risk.  Most of them are vehicles for high-risk speculation.  None of them provide capital for growing the real economy.  No trustee for other people’s money should ever invest in one.

LINKS

The Highest-Earning Hedge Fund Managers & Traders by Forbes magazine.

Poor guys: Top US hedge fund managers earn $11bn in 2014, but worst in years by Rupert Neate for The Guardian.

Hedge Funds Close Doors, Facing Low Returns and Investor Scrutiny by Alexandra Stevenson for The New York Times.

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