Video games «La gloire des jeux»

Investment banks need hedge funds almost as much as hedge funds need the banks. Up to now, this mutual affection has been good for everyone. But banks will have to be careful to keep the relationship from degenerating into dangerous co-dependency. Hedge funds now account for about one-eighth of the banks’ total revenue pool, according to a study by Mark Rubenstein at CSFB. And it is a particularly profitable fraction, because hedge funds pay up for liquidity and information. Not bad for a secto...