Net Gain Tournament

In this year’s Net Gain Tournament, a basketball charity event, hedge funds beat their private equity foes for a second year in a row.

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

The hedge fund team has lost its previous two clashes against a stronger private equity team. Players from MKP Capital Management, Sandler Capital Management and Weiss Multi-Strategy Advisers, among others, hope to claw back those gains.