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 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
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
Stephen Vines
Opinion

Opinion

The View by Stephen Vines

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

Stephen Vines
Stephen Vines

Updated: 10:57pm, 13 Jun, 2018

Why you can trust SCMP
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 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
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
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Stephen Vines

Stephen Vines

Stephen Vines is a Hong Kong based writer and journalist. He has worked in Asia for The Guardian‚ The Daily Telegraph‚ and The Independent‚ and was a consultant editor for The Asia Times.