The Lottery

A worldwide look at lotteries

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Temptation through big dreams or just show where the money goes?

Lottery advertising across the world entice potential players with stories of riches waiting just for you but very few Lotteries do a good job when it comes to telling their players where the money goes. As always there are exceptions notably the United Kingdom's National Lottery and the Canadian Atlantic Lottery.

Atlantic Canadians have been playing the lottery for years — with little idea as to where their money was going. Lack of accessible information left citizens in the dark about the Atlantic Lottery. In partnership with Revolve, we helped create a hub for Atlantic Canadians to ask The Atlantic Lottery Corporation anything they want. A destination for answers, told in a truthful voice…from a government institution. Yes, it can be done.

The United Kingdom's National Lottery has created a digital platform to educated and inform the British public where the money goes. The National Lottery Good Causes site pulls all 14 National Lottery distributors together under one banner so that the general public have a one stop shop to get all the news they need on how Lottery money is spent across the UK.

Users can search through all Lottery funded projects which can be found according to different types of funding such as the arts, education, health, sports and the environment as well as geographical location.

Hedge-Fund Managers Are Overpaid

On Time Is a Thief

Being overpaid is theft you can get away with. It would certainly be nice to be grossly overpaid for a change. According to Unigestion Holding SA, which invests $2 billion in hedge funds, nine out of ten hedge-fund managers are overpaid because management fees do not reflect falling interest rates. The fees, which still make up as much as 2 percent of a fund’s assets, represent a disproportionately high share of the total remuneration unrelated to performance, Nicolas Rousselet, head of hedge funds at Unigestion, told Bloomberg News in a phone interview on 11 Sep 2014.

According to a Deutsche Bank AG survey published in February 2013, the industry traditionally charges about 20 percent on performance and 2 percent on the total assets. The fees are coming down as investors paid an average 1.69 percent last year almost unchanged from 2012. Singaporean data provider, Eurekahedge Pte, said global hedge funds returned 8.6% in 2013 and 6.9% in 2012, compared with 10% to 21% in nine of the 11 years through 2010.

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