Dec
19
Why Struggling Hedge Fund Managers Give to Charity
By-
Charitable gifts boost firms’ net inflows by 9% on average
-
Underperforming managers are the most likely to give
A donation to a worthy cause during the holidays gets you a warm feeling, a tax deduction and maybe a better world for the kids. Some hedge fund managers give for an additional reason — to get money-making assets.
A check to the right charity buys access to cocktail parties and galas where they make lucrative connections and raise money, according to a recent study by university researchers…
Why Struggling Hedge Fund Managers Give to Charity
