Hedge Funds’ Scholarly Investments

NYT – Their company names were conspicuously absent from their nametags, but that is how these hedge fund managers and analysts — members of a field known for secrecy — preferred it. They filled the party space at the W Hotel on Lexington Avenue in late October, mostly men in their 30s. Balancing drinks on easels adorned with students’ colorful drawings, they juggled PDA’s and business cards, before sitting down to poker tables to raise money for New York City charter schools, The New York Times’s Nancy Haas writes.

Working the room, the evening’s hosts, John Petry and Joel Greenblatt, who are partners in the hedge fund Gotham Capital, had an agenda: to identify new candidates to join their Success Charter Network, a cause they embrace with all the fervor of social reformers.

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