Hedging Their Bets

“In the fast-shifting sands of New York’s moneyed classes, the explosion of hedge fund wealth has created a new financial pecking order… Institutions like the Guggenheim, the Whitney Museum and Lincoln Center are making a push for the newest money on the block as they try to lure hedge fund executives to join their boards. This effort has dovetailed with an emerging tendency by hedge fund moguls to spread their wings a bit in greater New York society.”