Formula One was planning to structure its Singapore IPO in the form of a stapled security, which includes a sale of both shares and loan notes.

WSJ: CVC May Revive Formula One Singapore IPO

Providing performance picks up it could yet become an example of a hedge fund that is capable of making profits year in, year out, with a long-term ownership structure: a formula as elusive as that behind any black-box trade.

ECONOMIST: Can hedge funds outlive their star managers?

"We have been more than patient with the current management and governance of Formula One, but recent developments have underlined the need for a structure that guarantees a stable and prosperous future of the sport, " said GPWC chairman Juergen Hubbert.

BBC: SPORT | Motorsport | Rival F1 series names consultants

Instead of working to a pre-arranged formula, a generator (ie, a parser in reverse) is brought into play to create a sentence structure in the target language.

ECONOMIST: A gift of tongues