If there was ever a case of having a cake and eating it, forget Brexit and look at the private equity industry. Then spare a thought for the investors who will be receiving a smaller slice themselves.
Top buyout firms are starting to lower the threshold at which they can start to take a cut of the profits on a fund. For decades the industry has operated with an 8% 'hurdle rate', meaning investors get that before fund managers start to take 20% of returns.
