Hedge funds, those once mysterious investment vehicles of the ultra wealthy, have recently been thrust into the public eye. Outsize returns combined with media coverage of the wild and crazy lifestyles of fraudulent rogue fund managers have sparked widespread interest in this form of investment. Colorful yet true tales of hedge fund managers faking suicides by crashing planes and leaping from bridges add to the mythos surrounding the business. While the negative aspects of hedge funds operated by criminal types have dominated the news and captured the public’s imagination, the fraudsters are a tiny minority of the business.#-ad_banner-# Tremendous positive… Read More
Hedge funds, those once mysterious investment vehicles of the ultra wealthy, have recently been thrust into the public eye. Outsize returns combined with media coverage of the wild and crazy lifestyles of fraudulent rogue fund managers have sparked widespread interest in this form of investment. Colorful yet true tales of hedge fund managers faking suicides by crashing planes and leaping from bridges add to the mythos surrounding the business. While the negative aspects of hedge funds operated by criminal types have dominated the news and captured the public’s imagination, the fraudsters are a tiny minority of the business.#-ad_banner-# Tremendous positive global impact has also resulted from the proliferation of hedge funds. One example is Paul Tudor Jones’ Robin Hood Foundation. Made up of hedge fund managers and others in the financial business, this philanthropic organization has distributed more than $1 billion to help fight poverty in New York City. The most appealing thing about the group is that all administrative costs are paid for directly from the board of directors’ own pockets. This means 100% of donations go directly to those who need it most. There are numerous other philanthropic organizations that would not exist if… Read More