How the leaders of the hedge fund world have banded together to fight poverty - taking gobs of money from the rich, applying strict financial metrics in giving it away, and making philanthropy cool among the business elite.
By Andy Serwer, Fortune senior editor-at-large
September 8 2006: 10:03 AM EDT
(Fortune Magazine) -- The idea behind one of the most innovative and influential philanthropic organizations of our time sprang from one of the more boneheaded macroeconomic calls ever made on Wall Street. Or as hedge fund maestro Paul Tudor Jones tells it, 'The biggest error I've ever made had the best possible outcome.'"