Working hard at the rumour mill

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Why do some hedge fund managers spread false rumours to get their grubby little hands on even more c...

Why do some hedge fund managers spread false rumours to get their grubby little hands on even more cash? Because they can. Those words of wisdom come from City Boy who is the anonymous author of the Life in the Square Mile column in The London Paper, one of the annoying free papers those of us who live and work in London get assaulted with every evening as we go home. It was such a ludicrous quote that it caught my eye and the cutting from the edition of 2 July last year has been on my desk ever since. He was spouting off in the wake of a story that Morgan Stanley was going to buy Dre...

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