What is fair? In the wake of the credit crisis, the meltdown of investment strategies of all stripes and the resulting steep losses, this apparently simple question is provoking heated reactions. Nowhere is the question of fairness more vexed than in the rarefied world of hedge funds, where limited partnership agreements that have long been stacked in favour of the fund manager are overdue for a rethink.
何为公平？此次信贷危机之后，各种投资策略彻底垮台，并由此造成了巨大亏损，在这种情况下，这个看起来简单的问题引起了强烈反响。在对冲基金这个隐秘的行业里，围绕公平问题的争论比其他任何领域都更为激烈。长期以来，该行业的有限合伙协议一直有利于基金经理，这早该引起人们的反思。
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