Interesting Current Affairs Tidbits from Around the Interweb

Five major hedge fund managers, including John Paulson, George Soros and Philip Falcone (of the wonderfully named Harbinger Capital Partners and famed for his short-selling on HBOS and other UK banks), issued written testimony to lawmakers in Washington today to defend the much-maligned industry.

I realise they make ridiculous sums of money and seems like the most evil trading folk on the planet, but hedge funds are part of the make-up of the modern market and will remain around, although likely in heavily consolidated form, for a long time to come.