Hedge funds a rising force in philanthropy
Money talks, and the money right now is in hedge funds. They have already made themselves a power in art and real estate. Now, according to The New York Times, they are a rising force in the philanthropic world. "To the delight of fund-raisers, the success of hedge funds is creating a new pool of rich donors worth tens of millions, even hundreds of millions of dollars." The Robin Hood Foundation is a telling case in point. So what happens when the industry heads south? Better get while the getting is good.
> Here's the New York Times article.
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