The Bureau of Investigative Journalism – When millionaire hedge fund tycoon, Bill Browder realised at the start of the year that recovering world markets were once again heading for the rocks, he was staring down the barrel of an enormous loss.
‘I saw a huge number of negative things piling up,’ the founder and chief executive of Hermitage Capital Management told the Bureau from his West End office. ‘The political situation in the Middle East, the sovereign debt crisis in Europe, the US budget deficit and inflation. I said to myself markets are only [up] because of artificially low interest rates propping this up.’
