The rise of hedge funds as strategic global actors
— The Globe and Mail
Can’t-miss stories from the web
Can anything stop the smart money? Since 1992, hedge funds have exerted increasing clout in world affairs. A bet against the pound by George Soros ultimately led to Britain’s rejection of the euro zone. The skulduggery at Enron was suspected by Kynikos Associates long before regulators were aware of problems. And the onset of the 2008 crisis was brought about, in part, by hedge funds.