'Edelsten returns to fund management – what’s the story?' 

Maybe the authorised participants would widen the spread on an active ETF to protect their dealing margins.

I hope it will be some time before we find out. We simply want to use the structure to create a fund we are happy to invest our own money in.

So, yes, maybe I am mad. But I am definitely excited to be back. 

Simon Edelsten is chair of the investment committee at Goshawk Asset Management