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Hedge Fund Execs’ Money for Charter Schools May Pay Off

Outside the Harvard Club in Midtown, a group of parents from the Alliance for Quality Education picketed as they chanted, “Public schools are not for sale!” But the hedge fund chiefs inside had other ideas. The title of the hedge fund bosses’ all-day symposium on Tuesday said it all: “Bonds & Blackboards: Investing in Charter Schools.” Sponsored by the Gates Foundation and the Walton Family Foundation, its aim was to convince investors there’s money to be made in charter schools. Hedge fund executives have unleashed a tsunami of money the past few years aimed at getting New York’s politicians to close more public schools and expand charter schools.