PEOPLE - Slammed, Dunked

Who’s got the better game, private equity or hedge funds? To find out, a collection of all-star buyout pros took on a team of hedge fund managers for a basketball game in New York last month.

Who’s got the better game, private equity or hedge funds? To find out, a collection of all-star buyout pros took on a team of hedge fund managers for a basketball game in New York last month. Ostensibly, the teams were raising funds for national charity Youth I.N.C. But Marc Lasry, founder of Avenue Capital and captain of the hedgies, says, “Our aim was just to make the other team cry.” Although Lasry, 47, threw a couple of elbows during the game, he was unable to prevent a crushing 3017 loss. “We’re smarter, stronger, faster and quicker on the court -- and in the office,” says Rob Berner, 45, a partner at CVC Capital Partners, who played for the private equity side. The fundraiser, which included a 24-team round-robin tournament won by UBS, raised $700,000 to fund after-school programs and buy court time for New York City schools lacking gym facilities.

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