Guardian campaigns against hedge funds but uses them to make money

On his blog Guido explains how earlier this month the Guardian front paged a story revealing that the City of London accounted for £11.4 million of the Conservative Party’s funding in 2009–10.  The Guardian told in lurid terms that millions passed to Tory coffers by rich hedge fund managers.

Guido now reveals that during that same period the Guardian Media Group – owners of The Guardian and The Observer – gained £39.3 million from investments… in hedge funds. And Guardian Editor Alan Rusbridger sat on the board which approved the hedge fund investment plan.

Read the story in full.

1 Response to “Guardian campaigns against hedge funds but uses them to make money”

  1. 1 Fay Tuncay 22/02/2011 at 10:22 pm

    They are all on the bandwagon! Just proves that the Guardian has a vested interest in hedge funds and in particular keeping cuts in CO2 emissions and carbon trading alive. The Guardian readers are the true reactionaries for supporting this rotten dish rag.

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