Hedge Funds

Managers line up to leave a charity legacy

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Once managers liked glitzy dinners, now they want their own foundations

When you think of hedge funds and charities, the first thing that comes to mind are the gala dinners thrown by the likes of The Robin Hood Foundation, Hedge Fund Cares and ARK, where the rich and famous from the hedge fund community rub shoulders with Hollywood stars and sports legends. Yet, far from the flash-bulbs and the $25,000 tables, another secret story of hedge funds and the giving game is starting to emerge. Over time it looks set to surpass the money raised by the glamorous dinners