Despite Sweet Deal, 92nd Street Y Redeems Paulson Money
October 26, 2012 at 09:27 AM EDT
In the midst of the financial crisis, the 92nd Street Y came up with a sweetheart deal for its endowment: investments in funds run by the likes of John Paulson, Marc Lasry, and other hedge-fund luminaries that were fee-free and guaranteed against losses.
