The latest accessory for hedge funders: Charter schools

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Rough economy holdin' you down? Tired of taxes, taxes, taxes? Start a charity or charter school -- it really works! That's what partners at Gotham Capital did, along with a number of other hedge fund managers and analysts. They even joined something called the "Success Charter Network" (so you know it's good). And while "real" public schools were facing massive layoffs, they're now hiring! Jim Horn at schoolmatters wonders aloud if giant tax credits, lucrative land deals and all-you-can-eat bond bundles have anything to do with the sudden interest in education.

Read the NY Times article here and Jim Horn's take here....


(photo:Nicholas Roberts for Times)

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12 2009

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