Investors ignore impact of hedge funds at their peril

conference

IMA chairman Lindsay Tomlinson has warned intermediaries they need to improve their knowledge of hed...

IMA chairman Lindsay Tomlinson has warned intermediaries they need to improve their knowledge of hedge funds. The 6,000 listed vehicles worldwide now have an estimated $1 trillion under management. "Hedge funds matter, even if you are not interested in investing in these products, as they are having a big impact on our industry," he said. One way they affect the industry is through causing volatility in stock markets through the shorting of stocks. Tomlinson cited the 30% fall in easyJet's shares, following its recent profit warning, as not being the result of long-only managers alone....