Hedge funds victorious at charity basketball tournament

The third time’s the charm as hedge funds get the better of their private equity rivals on the basketball court.

A group of hedge fund pros went a long way toward redeeming the industry’s basketball bona fides on March 16 when they beat a group of private equity rivals at the Net Gain Tournament in New York.

This is the third time hedge funds have been pitted against private equity firms at the annual charity event, which raises money for child-focused venture philanthropy organization Charity Youth, I.N.C.,

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