Business Economics 4 July 2013updated 22 Oct 2020 3:55pm The zombies of Mayfair Private equity firms and hedge funds with their hidden fees don’t just skew markets – they often aren’t even very good. So why is your pension probably invested with one? By Nicholas Shaxson Illustration by Tom Humberstone Subscribe to The New Statesman today from only £8.99 per month Subscribe Content from our partners An old Rioja, a simple Claret,and a Burgundy far too nice to put in risotto New Statesman Wine Club Antimicrobial Resistance: Why urgent action is needed Spotlight The role and purpose of social housing continues to evolve Spotlight