Hedge funds reap record profits from bets on QE - Telegraph

Hedge funds reap record profits from bets on QE - Telegraph

Super-rich hedge fund financiers emerged as the big winners from the Bank of England’s money printing programme in 2012, as pensioners and savers were made to struggle with shrunken incomes.
Much of the high-rolling industry bet that quantitative easing (QE) would boost global markets and those that stuck to the strategy made record profits.
Hedge fund expert Philippe Bonnefoy said: “The masters of equity and credit trading strategies have done their homework in 2012 and reaped benefits turbocharged by an ocean of government-sponsored liquidity.”