Hedge funds find themselves in a marathon, not a sprint

Telegraph – “Robust” was the word the 51-year-old marathon enthusiast came up with for the company’s capital and liquidity position – despite the news that investors had withdrawn $2.6bn (£1.6bn) of the group’s funds since June 30.

But the shares looked anything but, diving 59.6 to 180p. And Mr Clarke, who joined the company in 1993, couldn’t offer complete reassurance.

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