If they only have 25 million pounds of assets under management then they're a "start up" hedge fund. That means that someone bankrolled them for the tune of 25% equity and a slice of the profits until they can "pay back" the 25 million pounds. I swear, "start up" hedge funds have worse financing options than normal start ups. Thank God we don't have to deal with such draconian measures.
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If they only have 25 million pounds of assets under management then they're a "start up" hedge fund. That means that someone bankrolled them for the tune of 25% equity and a slice of the profits until they can "pay back" the 25 million pounds. I swear, "start up" hedge funds have worse financing options than normal start ups. Thank God we don't have to deal with such draconian measures.