Hedge Funds

Hoops for charity


A group of hedge fund managers led by captain Marc Lasry of Avenue Capital last month used their skills at basketball to raise money for Youth I.N.C., a nonprofit that subsidizes court time for New York City high school teams that lack gymnasiums.

Marc Lasry

Lasry's squad included Craig Effron of Scoggin Capital Management, Nader Tavakoli of Eagle Rock Capital Management and Brian Higgins from King Street Capital Management. The group lost to a rival team of private equity pros, but raised more than $700,000 for its cause.