Goldman Sachs' Lloyd
Blankfein has asked his employees to avoid being seen as big spenders. The jury is out whether this is just a cosmetic PR gimmick or whether Goldman itself is in some doubt about the justice of last years highly selective bank rescues funded by the public. But however that may be, today's headline that a
hedge fund manager is splashing out a reported £60 million for a
super yacht may not help the alternative fund management industry in its effort to convince European legislators to enact more lenient industry regulations.
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