Orlando Sentinel – I see the phrase "hedge fund" in the newspaper every day now and I don’t really know what a "hedge fund" is. I don’t think I ever saw the phrase 10 years ago, so maybe the financial term "hedge fund" is fairly new. These funds are certainly new to me. I have six dictionaries and five of them don’t even have a listing for "hedge fund."

A hedge fund has something to do with money. I know what a fund is and I know what a hedge is, but neither term seems to have much to do with hedge funds.

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Tags: 10-years, dictionaries, money, orlando sentinel, phrase

New Zealand Herald – Eyebrows were raised this week when New York hedge- fund Elliott International nominated two Kiwi businessman – including recently appointed Infratil director Mark Tume – to join the Telecom board.

Telecom is on the fringes of the media world but National Party proposals for a huge broadband rollout will have an enormous impact on media and suggest Telecom will have a big role in media infrastructure.

And Elliott’s press release – linking the nomination of Tume and Mark Cross to Elliott’s calls for a wider structural break-up of Telecom – have added to questions about the way ahead for New Zealand’s biggest publicly listed company.

Should Tume win a place on the board he would bolster the bridge between two big infrastructure companies – Telecom and Infratil.

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Tags: fortunes, lt, phrase, private-client-business