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Foreword by Lionel Barber, Editor, Financial Times

The FT takes an in-depth look at hedge funds, now the leading actors in the reshaping of the corporate world.

Investors still pile in

Misgivings aside, appetite is unabated, reports James Mackintosh.

Capital markets: Funds are ousting the banks

The traditional lenders are being sidelined by new participants, says Gillian Tett.

A short history of bankruptcy, death, suicides and fortunes

Steve Johnson looks into the short history of the man widely regarded as the father of the hedge fund industry.

Activists: Repute improves but returns decline

Acceptance has not brought better performance, writes Ben White.

Greenwich: Hedgistan is the new Wall Street

Anuj Gangahar explains why the enclaves have prospered.

Mayfair and St James: BlackBerrys move into genteel stamping-ground

Paul J Davies profiles the somewhat unlikely area of London that has attracted funds.

The threat to Wall Street: A force for massive change

Anuj Gangahar looks at the impact across the world of high finance.

How they spend it: Reverberations from Verbier to Chelsea

The riches of the new breed of ‘hedgies’ is being felt across Europe, reports Gillian Tett.

Big art for big money

Deborah Brewster reviews the effect the newfound wealth of hedge fund managers is having on the art market.

How and why they are in the list

An enigma inside a mystery