Matthew Vincent

The rise and fall of Mr Two-and-Twenty

Matthew Vincent says hedge fund managers made their billions by extracting grotesquely high fees from clients

issue 14 February 2009

‘Mr Ten Per Cent’ has long been a term of contempt. Indeed, finagling Hollywood agents’ decimation of their clients’ earnings resulted in one of the few successful exports of a Spoonerism to California — to explain the difference between a talent agent and a rooster (the latter ‘clucks defiance’).

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