New York (HedgeCoVest.Com) Hedge fund manager John Paulson made news earlier this week when he pledged a record donation of $400 million to Harvard\u2019s engineering school. In most cases such a donation would be hailed as a wonderful gesture, but because it is a hedge fund manager and because it is Harvard, the critics couldn\u2019t help but criticize the donation.<\/p>\n
MarketWatch published an article entitled Harvard is Richer than Some Countries- why give it $400 Million?. Author Malcolm Gladwell tweeted \u201cIf billionaires don’t step up, Harvard will soon be down to its last $30 billion\u201d and \u201cApparently $200 mil is earmarked for a satellite campus on St Barts.\u201d <\/p>\n
Apparently bashing hedge fund managers isn\u2019t reserved for politicians. Apparently authors want in on the fun.
\nIsn\u2019t it ironic that President Obama, a Harvard Alum, along with Hillary Clinton and other presidential candidates have recently been in attack mode on hedge fund managers and then when one manager makes a record donation to his alma mater, the critics still find a way to try to make the industry look bad.<\/p>\n
Here is my opinion. If Mr. Gladwell wants to criticize someone else\u2019s $400 million charitable donation, perhaps he should make one himself. He can choose the charity. How can Hillary Clinton criticize hedge fund managers and then go to one\u2019s house for a fundraiser? And then there is the fact that her son-in-law is a hedge fund manager. <\/p>\n
Rick Pendergraft
\nResearch Analyst
\nHedgeCoVest<\/p>\n","protected":false},"excerpt":{"rendered":"
New York (HedgeCoVest.Com) Hedge fund manager John Paulson made news earlier this week when he pledged a record donation of $400 million to Harvard\u2019s engineering school. In most cases such a donation would be hailed as a wonderful gesture, but […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,3,16048,16022],"tags":[],"class_list":["post-48645","post","type-post","status-publish","format-standard","hentry","category-hedgeco-networks-press-releases","category-hedgeco-news","category-hedgecovest-news","category-opinion"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/48645","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\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=48645"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/48645\/revisions"}],"predecessor-version":[{"id":48646,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/48645\/revisions\/48646"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=48645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=48645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=48645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}