Thursday, September 13, 2007

$100mn Fine For McLaren

News Flash....... According to the BBC , F1 Team McLaren have been hit with a $100mn fine and stripped of their constructors points. I sit in the middle of a dilema in F1. I am a Brit and Lewis Hamilton is the new David Beckham for me, but I have always supported Ferrari, so you can imagine how the season has been for me so far.

The thing is, if you transpose the alledged 'spygate' situation to the fund management industry (meaning people copying ideas and exchanging information on how to perform better) then we would all be in court all the time. I mean how many hedge funds really have a secrets for very long?

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