Hedge funds

Hedge funds were a heading the column used for the people in the business rather than the strategies. The single article filed here sets the rise of fund management against the decline of airline piloting as two careers whose pay moved apart, and it reaches for the ordinary explanations — bargaining power, scale, who carries the risk — before any exotic one.

The portal has no hedge fund section, and inventing one for a single archived piece would be dishonest. The nearest standing work is in markets and energy, on how prices are quoted and settled, and in Society, on incomes and the thresholds applied to them. This page exists so that the column’s own rubric address keeps resolving, and so the piece can be found by the heading its author filed it under.

Answering the question the piece raises properly would mean setting two published pay series side by side over the same years, on the same definition, and the column did not have that. The portal’s Society section does that kind of work where the series exist and says so where they do not. What stands here is the argument as it was made, with its examples and its date, under the heading its author chose for it.