A rising tide lifts all boats – and that’s not always a good thing.
Just ask hedge fund Caledonia (Private) Investments, a long/short manager trying to dig its way out of a three-year performance hole and repay the faith of loyal investors.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
