It was an unusual seminar since such a topic was aimed at investors and financial advisers. It was held under "Chatham House" rules but one of the speakers, Emma Clifford, has given me permission to name her and post on her presentation.
She would go and lone visit a new client with no warning that the client was known to be potentially aggressive or that family members had mental health or addiction problems.
I hope the investors and advisers presents will look think long and hard about the human cost to staff and vulnerable clients from running care services on the cheap. While there is an obvious financial and reputational risk to any pension fund from being the owner or funder of an incompetent service that could eventually kill its clients or its workers.
It is also as Emma pointed out a complete waste of money in recruitment and training to churn so many staff and then let down clients.
I am convinced that the Council workers who fund such hedge funds will be outraged if they knew what was being done in their name and with their pension money.
Pension funds must be democratised and properly take account of the views of its beneficiaries who are the true owners of their money.
Pension funds are are long term investors will make money if they invest in companies that are well run, with good governance and do not exploit or harm its workers or clients.
Many thanks to Emma for her powerful and moving reminder about what is the true cost of the exploitation of those trying to care for the vulnerable. This is not only a cost in human terms to those giving and receiving care but also a real risk to those investors who aim to make money out of human misery.