hedge fund

  Jonathan Starr, once a cutthroat hedge fund manager, is not your traditional do-gooder, and in 2009, when he decided to found Abaarso, a secondary school in Somaliland, the choice seemed crazy to even his closest friends. “Why,” they wondered, “would he turn down a life of relative luxury to relocate to an armed compound in a breakaway region of the world’s #1 failed state?” To achieve his mission, Starr would have to overcome profound cultural differences, broken promises, and threats to his safety and that of his staff.

It Takes a School is the story of how an abstract vision became a transformative reality, as Starr set out to build a school in a place forgotten by the world. It is the story of a skeptical and clan-based society learning to give way to trust. And it’s the story of the students themselves, including a boy from a family of nomads who took off on his own in search of an education and a girl who waged a hunger strike in order to convince her strict parents to send her to Abaarso.

Hedge Fund Manager to Pay $405M to Madoff Victims

Jun 25, 2012

New York's attorney general says he has secured a civil settlement in which hedge fund manager J. Ezra Merkin will reimburse clients with $405 million lost in Bernard Madoff's historic investment scam.  WAMC’s Tristan O’Neill reports…

Attorney General Eric Schneiderman said Sunday that the clients will be paid over three years and New York state will get $5 million to cover the cost of the settlement.

Merkin had managed four funds with hundreds of investors. Schneiderman says many are New Yorkers and charitable organizations. None have been identified.