►Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs<br /><br />Hedge funds make use of short-selling, leverage and discretion to magnify their gains, but as the FT's senior investment columnist John Authers points out, their techniques involve huge risks and they reward themselves too handsomely.<br /><br />► FT Wealth: http://bit.ly/1e3996C<br /><br />► FT Global Economy: http://bit.ly/1J5mmqH<br /><br />► Chinese Governments Unable to Convince MSCI: http://bit.ly/1I9an7I