George Soros famously (or infamously) made a killing shorting the British pound on “Black Wednesday” in 1992, which resulted in Britain’s exit from the European Exchange Rate Mechanism. Photo: AFP
Opinion
Opinion
The View
Dear hedge fund investors: you’re probably not the next George Soros
Stephen Vines says the reason hedge fund managers’ profits continually grow, even as the hedge funds themselves consistently fail to deliver, is that investors tend only to remember the highly publicised cases of ‘money gods’ who netted huge sums in unusual circumstances
George Soros famously (or infamously) made a killing shorting the British pound on “Black Wednesday” in 1992, which resulted in Britain’s exit from the European Exchange Rate Mechanism. Photo: AFP