Hedge funds Sweet tooth

It is open season for bashing hedge funds. The latest attack comes from the chairman of UK food group Cadbury Schweppes, John Sunderland. He thinks the relationship between investment banks and hedge funds needs more scrutiny. He has a point, but he should tread carefully. Criticism of hedge funds from the corporate sector always smacks of special pleading. Hedge funds can force down the share prices of underperforming companies by selling short. Alternatively, hedge funds can take positions in...