{"id":22297,"date":"2011-05-05T06:06:52","date_gmt":"2011-05-05T10:06:52","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=22297"},"modified":"2011-05-05T06:28:28","modified_gmt":"2011-05-05T10:28:28","slug":"hedge-funds-and-the-pingpong-renaissance","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2011\/hedge-funds-and-the-pingpong-renaissance.html","title":{"rendered":"Hedge Funds and the Ping Pong Renaissance"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/05\/bufett.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-22298\" title=\"Warren Buffett. Photographer: Daniel Acker\/Bloomberg\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/05\/bufett.jpg\" alt=\"\" width=\"220\" height=\"225\" \/><\/a>New York (HedgeCo.net) &#8211; The emergence of upscale table-tennis clubs is spawning a ping pong renaissance, according to a Bloomberg editorial. Last month, SPiN New York hosted the &#8220;Clash Of The Hedge Fund Titans&#8221; ping pong tournament, in which hedge fund managers competed against one another for the #1 spot.<\/p>\n<p>Susan Sarandon\u2019s chichi table tennis franchise has locations in New York, Milwaukee, and Toronto. Warren Buffett lost 2-1 to 15-year-old U.S. champ Ariel Hsing last year, and French President Nicolas Sarkozy has also joined in on the action, according to Bloomberg.<\/p>\n<p>The hedge fund &#8220;Clash&#8221; was a philanthropic event benefiting Big Brothers Big Sisters of NYC, The Michael J. Fox Foundation For Parkinson&#8217;s Research, and Robin Hood that fights poverty in NYC. The event was sponsored by Toro Trading, MiK Fund Solutions, Novus, Knight, John Allan&#8217;s, Direxion Shares, Classic Car Club, and SPiN New York.<\/p>\n<p>The Sporting Goods Manufacturers Association (SGMA) estimates there are 19.5 million recreational players in the U.S., a 53% increase over the past decade, Bloomberg reports. A 2009 poll by SGMA shows that more than half the players have annual incomes exceeding $75,000. As a result, the sport is going corporate.<\/p>\n<p>In a move to forge unexpected connections, a New York-based charity tournament, Top Spin, is planning events in Los Angeles, San Francisco and Chicago, aiming to attract 2,000 players, even promising Olympian walk ons.<\/p>\n<p>\u201cIt\u2019s like a real-life version of LinkedIn,\u201d says founder Peter Farnsworth, in the Bloomberg article. \u201cWe\u2019re bringing the business community together through ping pong.\u201d<\/p>\n<p>Alex Akesson<br \/>\nEditor for <a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.Net<\/a> is a premier <a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\">hedge fund database<\/a> and community for qualified and accredited investors only. Membership in <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.net) &#8211; The emergence of upscale table-tennis clubs is spawning a ping pong renaissance, according to a Bloomberg editorial. Last month, SPiN New York hosted the &#8220;Clash Of The Hedge Fund Titans&#8221; ping pong tournament, in which hedge [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,16021],"tags":[],"class_list":["post-22297","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news","category-philanthropy"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/22297","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=22297"}],"version-history":[{"count":4,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/22297\/revisions"}],"predecessor-version":[{"id":22305,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/22297\/revisions\/22305"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=22297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=22297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=22297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}