Hedge Funds: Corruptors of Youth?

Ross Miller says the hedge funds are corrupting the youth. Also check out his other commentaries.

The problem with hedge funds, if you view them from the central bankers' perspective, is that they are, in some real sense, corruptors of youth. Back in the Days of Disco when I was still in graduate school, a hedge fund manager or two could be found lurking the halls of physics buildings in search of the stray Ph.D. who was having trouble getting or keeping a good post-doctoral position. Driving a taxi was considered a noble alternative to working for something as shady as a hedge fund back then.

Times have certainly changed. Now hedge funds are battling it out with the likes of Google to nab the top students from the most elite universities. If there is someone out there with the talent to break the Bank of England (or one considerably larger), the odds that he or she is working for a hedge fund have risen greatly.