Crikey. We suggest drawing a few pretty pictures to liven your entries up, Year 7s.
So what, exactly, is a hedge fund? Schools minister Lord Adonis would like to know. He offered a prize for the best definition to Year 7 pupils at last week's opening of the Burlington Danes academy. (The academy is co-sponsored by a charity called Ark- Absolute Return for Kids - which is largely financed by the proceeds from hedge funds.) Always keen to help, the Diary turned to its personal financial advisor (husband). "The best definition I can give," said the PFA, "is a business that collects and invests people's savings with the aim of making a positive absolute return (Aha!) on assets, rather than merely beating the stock exchange average, and that uses the full range of modern investment techniques to achieve this."
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