Every year in this country, we pay fund managers around £7.3bn in fees to control our money. Why? It’s a question that we’ve been asking ourselves for years. So we called in Tom Bulford, a former fund manager, to give us a good answer. Here’s what he said.
In the first of three interviews with Merryn Somerset Webb, Hugh Hendry, manager of the Eclectica Fund, talks about what it takes to be a good hedge fund manager – and how he learned to stop worrying and love central banks.
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A milestone in the formation of the internet, the first permanent Arpanet link was established on this day in 1969 between researchers in the United States.