About this blog Subscribe to this blog

Money: Hedge Fund Generates Criticism Of For-Profits

Resized_Telephone_Receiver_1A hedge fund paid a researcher to gather signatures from nonprofit homeless organizations on a letter criticizing for-profit colleges and universities for preying on homeless men and women - without fully disclosing who she was working for (and what the financial interests might be). The letter went to the USDE and became part of the case against for-profit colleges and universities.  I'm no defender of anyone, but are nonprofits (and the media) being tricked into helping hedge funds make millions betting against for profit colleges?  Next time you see a letter like that, or a news story, ask yourself -- or its source -- where it came from.

Via ProPublica: Investment Funds Stir Controversy Over Recruiting by For-Profit Colleges, and Researcher Says She Disclosed Tie to Investment Firm

Comments

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00e54f8c25c98834013485a982e1970c

Listed below are links to weblogs that reference Money: Hedge Fund Generates Criticism Of For-Profits :

Permalink

Permalink URL for this entry:
http://scholasticadministrator.typepad.com/thisweekineducation/2010/07/are-nonprofits-and-the-media-being-tricked-into-helping-hedge-funds-make-millions-a-hedge-fund-paid-a-researcher-to-gat.html

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

The comments to this entry are closed.

Advertisement

Advertisement

Disclaimer: The opinions expressed in This Week In Education are strictly those of the author and do not reflect the opinions or endorsement of Scholastic, Inc.