The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Soros Fund Management Chairman George Soros waits to deliver a speech at the Central European University in Budapest, November 3, 2011.
Soros Fund Management Chairman George Soros waits to deliver a speech at the Central European University in Budapest, November 3, 2011.
(Bernadett Szabo/Reuters)

Subscribers Only

The rise of hedge funds as strategic global actors

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.