Hedge fund foundations

Hedge fund foundations are up 31% in endowment value from last year, managing $4.6 billion in assets in 2007 up from 2006's $3.52 billion. This year-to-year growth from 2006 to 2007 tracks with the increase in giving at last year's Robin Hood Foundation one-day fundraisingingpalooza.

So the question is whether the 21% drop in RHF fundraising in 2008 (over 2007) really will be any kind of predictor - as I mused here.

Tags: philanthropy, rhf, hedgefunds