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It was 10 years ago that the famous Hedgestock gathering took place - a time that Albourne founder Simon Ruddick reflects upon fondly in an open letter, while also delivering a cautionary message for an industry that still has some growing up to do in the post-crisis era, most notably in the key area of fees.
"The industry has tried to evolve in a more investor-friendly way, with initiatives such as the Hedge Fund Working Group, which pre-dated the GFC,...