Hedge Fund Charities Pinched as Donors Ask Results Firms Miss
Monday, January 12, 2009 : PermalinkBloomberg – Martin Ward, a teacher at a London experimental school called the Evelyn Grace Academy, is pitching Arpad Busson on a new idea for getting poor kids interested in science. The charity that Busson leads, Absolute Return for Kids, or ARK, is a sponsor of Evelyn Grace to the tune of 2 million pounds.
Ward wants to buy a used ice-cream truck and turn it into a mobile science lab so that kids at cash-strapped schools around London can do hands-on experiments. Busson, who runs fund-of- hedge-funds firm EIM SA, asks a few questions and confers with a colleague. “It’s done,” he says. “You’ve got it. We’ve found the money.”
Tags: absolute-return, bloomberg, busson, charity, colleague, eim, evelyn, experimental school, fund-of-hedge-funds, grace academy, london, money, poor kids, science lab
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