Edward Leffler created the first open-end mutual fund, democratizing investment by offering small-scale savers a low-cost financial product managed by professionals. His original fund has achieved an annual return of nearly 9.5% over the last century
Despite the full freedom to invest that hedge funds offer, legendary investors such as George Soros, Jim Rogers, Ray Dalio, and John Paulson have all withdrawn in the face of disappointing returns
Odey AM is on the verge of collapse and the regulator has limited its access to assets and cash due to harassment accusations against founder Crispin Odey