Special Report: What If Elvis Ran a Hedge Fund?

Reuters – On a rainy day in late September, Newark Mayor Cory Booker set up a temporary outpost in a somewhat unlikely setting — the midtown Manhattan offices of hedge fund manager William Ackman.

For much of the afternoon, Booker and some of his aides were huddled in a conference room at Ackman’s Pershing Square Capital Management. Snacking on sandwiches, they mulled options for raising tens of millions of dollars in private funds for the troubled schools in New Jersey’s largest city.

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