Working together

Between the bear market, mis-pricing scandals, stricter regulations and heightened attention to money laundering, one could forgive the hedge fund industry for feeling a little punch drunk.

The problem with the industry, however, is it is not acting like one.

At the moment it is acting like a collection of individuals each doing their own thing and as such it is punching below its weight and not worth the sum of its parts. As everyone knows, operating at a discount to your full value leaves you

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