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Private Equity Vs. Hedge Funds All-Star Game

Private Equity Vs. Hedge Funds Game

Private Equity Vs. Hedge Funds All-Star Game for Youth

Private equity and hedge funds share many of the same characteristics.  Both are private investment vehicles, largely exclusive to accredited investors, classified as alternative assets and both industries are the target of legislation and pushes for increased regulation.  While neither would like to share the spotlight cast by legislators, the two sides have come together for a good cause.

Tomorrow night, New York University will host the third annual Hedge Fund vs. Private Equity All-Star Game.  The event will benefit a youth program, Youth Inc., which helps public high school teams who do not have a basketball court.  Private equity has came out on top in the last two years but it should be a good game tonight. 
Final rosters weren’t available at press time, but we know at least MidOcean Partners Chief Executive Ted Virtue and GenNx360 Capital Partners Managing Partner Ronald Blaylock will be defending PE’s name.
“We’ve got some aged warriors,” Virtue said, when asked who the team’s MVP will be. “(Blaylock is) our go-to-guy.”
Buyouts have a 2-0 edge in the series, although Virtue worried the streak could be in jeopardy this year. “The hedge fund guys have been recruiting some Division I basketball guys, so I’m a little nervous,” Virtue said.
The tournament, besides the PE-hedge fund match-up, includes about 20 teams made up of bankers and other finance pros, as well as students. Celebrity coaches include former New York Knicks Walt Frazier, John Starks and Charles Smith. The games tip off at 5:30 p.m.  Source

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