Editor's Letter - Pressure to perform

In this industry, even under the regulators' intensifying gaze, it tends not to matter too much to investors whether you run your trading operation on the latest whiz-bang integrated front-office suite or whether it's held together by a combination of Excel spreadsheets, an A4 pad and a high-school calculator - just as long as you're producing the results. But one thing guarantees you failure: poor performance. Just ask the droves of unemployed hedge fund managers how easy it is to lose a

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