Hedge fund charity: All Things Must Pass

There’s a priest in the City of London who swears he can tell the state of the markets by the size of the collection plate. The bigger the collection, the more depressed the markets. Perhaps something of this psychology has rubbed off on London’s hedge fund community. At the annual ARK dinner on Thursday, the industry dug deep to raise £25m for charity - far above the £15m target and only a smidgeon under the total raised last year. That’s a remarkably generous display from an industry under in...