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...Photo: PA...
...But over the years when markets fell, hedge fund returns averaged minus 3 per cent pa, while traditional fund returns averaged minus 22 per cent pa – confirming the advantage shorting brings....
...“The conundrum facing unions is how they can dispel an old-fashioned image and reinvent themselves,” says Stephen Brooks, of PA Consulting....
...“You need to be strong to pass price increases on to the original equipment manufacturers,” says David Vasak, a consultant at PA Consulting in Frankfurt....
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