How Do Hedge Fund Managers Justify Their Existence?
Megan Tobias Neely is a sociologist whose book Hedged Out: Inequality and Insecurity on Wall Street takes a deep look inside the world of hedge funds, those small boutique investment banks that play with a sizable chunk of the world's wealth. Neely's book draws on her observations from time working in a hedge fund as well as from dozens of interviews with professionals in the industry. In this conversation, we discuss:
- How hedge fund managers justify their value to society and why there are reasons to doubt them
- The internal culture of firms and how they resemble feudal kingdoms
- Popular…
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