Talking about the hedge fund world:
In addition, TCI, is estimated to have increased funds under management from $8bn in 2006 to $11bn by the end of 2007, a year in which the fund reported a net return of 40pc.
Umm, if you start with 8 and grow it by 40%, don\’t you end up with 11.2? So, in fact, people withdrew $200 million from the fund?
Or am I just being pendantic about numeracy here?