BUSINESS

London group hedge their bets on Sport

TAGs: Galileo

Soccer MoneyHedge your bets on this group of London investors, who’ve found a new, fun way to use their investors’ money. The Galileo Managed Sports Fund states that it’s easier, and in most cases more fun, to bet on the outcome of sports matches instead of the stock market, and has so far attracted around 20 investors each contributing $125,000 or more. Managing director Tony Woodhams has faced criticism from certain quarters that it’s basically gambling, but what’s the big problem as long as it works? During the World Cup their revenue has risen 8.58% and they will be hoping this will continue. Woodhams it seems has landed a man’s dream job. Read more.

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