Hedge Funds

Drexel alums at Hegemony philosophize, then launch credit fund


You'd expect some strong opinions from a former Drexel banker who runs a firm named Hegemony Capital Management, and Michael Lewitt delivers, issuing monthly rants on the state of Wall Street and the U.S. economy. Lately, he has been pushing for increased regulation of the hedge fund industry while quoting everyone from Adam Smith to Karl Marx.

Michael Lewitt

But even as Levitt says hedge funds are overleveraged and have in past years charged awfully high fees just for riding a rising market, Hegemony has started a couple of its own funds to exploit the