Hedge funds in Alameda? Oh my!

SF Gate – Apparently, hedge funds are so toxic in Alameda that just throwing the word around is enough to qualify as in depth criticism of the Alameda Point Revitalization initiative. The question at Alameda Point is whether or not there will be money to build the projects, and it seems that Hedge Fund money is unacceptable, unlike traditional multinational investment money like Lehman Brothers.

D.E. Shaw, the financial partner involved in the Alameda Point Revitalization project, has routinely been one of the top performing hedge funds over the last tumultuous years, and hasn’t gone under, threatened bankruptcy, etc. No bailout here. So the undefined attack on the source of the money seems strange.

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