Search results

Focusing on The Agency, a project of Contact Theatre in North Manchester, the chapter uses records of a conversation between the two authors as well as detailed fieldnotes as the starting point for reflection on the nature of ‘youth participation’ which The Agency nurtures and supports. It shows how entrepreneurship can be and is being seized by young people who see the possibility of making a difference both for themselves as individuals and for their own communities. Young people are identified as protagonists of their own practice, becoming involved, with the support of facilitators, in both self-development and community development and, thus, we argue in new forms of cultural democracy in which relational practice that challenges the shaming of marginalised communities is at the fore. Historic and contemporary forms of working-class culture offer a powerful lens through which new anti-racist forms of community and cultural democracy emerge. For this to happen, recognition and resourcing are each essential.

AFTER some unsuccessful negotiations during the period when the first full‐time schools of librarianship were being established, the Birmingham School was founded in the autumn of 1950. Circumstances were not entirely favourable—the immediate post‐war generation of enthusiastic ex‐service students had already passed through other schools; the accommodation available was indifferent; the administrative support was bad; resources were weak, both in books and in equipment. There was, more importantly, a strong local tradition of part‐time classes in librarianship and little or no conviction that full‐time study was necessary or desirable.

The purpose of this paper is two fold: educate investors about hedge fund managers' activities prior to the fraud recognition by the authorities and to help investors and other stakeholders in the hedge fund industry identify red flags before fraud is actually committed.

The paper investigates fraud committed by the Bayou Funds, Beacon Hill Asset Management, Lancer Management Group (LMG), Lipper & Company and Maricopa investment fund. The fraud activities took place during 2000 and 2005.

The five cases alone cost the hedge fund investors more than $1.5 billion. Investors may have had a good opportunity for avoiding the irrecoverable costs of the fraud had they carefully vetted the backgrounds of the hedge fund managers and/or continuously monitored the funds activities, especially during turbulent market environments.

This is the first research paper to identify and extensively investigate fraud committed by hedge funds. In spite of the size of the hedge fund industry and relatively substantial level and inevitably recurring fraud, academic journals are to yet address this issue. The paper is of great value to hedge funds and their individual and institutional investors, asset managers, financial advisers and regulators.