Michael Novogratz on Hedge Funds and Philanthropy As a shrinking percentage of the population accounts for an ever greater percentage of the goods, it's important to focus on not just who's giving away money but who has the biggest impact. Related Articles Premium Tiger-Related Hedge Funds Gain Ground — Some Faster Than Others Stephen Taub Michael W. Frerichs, Illinois State Treasurer, Illinois State Treasury Institutional Investor Podcast: Uncovering Opportunities in Direct Real Estate Sponsored by Fidelity Investments