Funds Hub

Money managers under the microscope

Hedge fund diversification

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Tuesday’s Treasury Select Committee grilling of the hedge fund industry proved a lively affair (if somewhat hot in a crammed Westminster room), but you have to wonder how well diversified their choice of witnesses is.

As well as Chris Hohn, co-founder of TCI, the Committee picked BlackRock’s head of alternatives Douglas Shaw — a previous employee of TCI.

Another witness was Marshall Wace’s Paul Marshall. Paul was former chief investment officer for continental European equities at Mercury Asset Management – now part of BlackRock.

But then again, this isn’t the biggest of industries to choose from.

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