What would make a bunch of rich hedge fund managers throw caution, and fistfuls of $100 bills, to the wind?
Perhaps a chance to hang out in the winner's circle. So went the thinking, anyway, of 100 Women in Hedge Funds, which recently held a swank charity dinner to benefit the New York University Cancer Institute. The evening featured an auction, and one of the flashier items up for bid was a small stake in a two-year-old stallion that goes by the name of Trumpeter Swan. The winning bid: $8,000. "He's a very, very nice animal," says Terry Finley, president of West Point Thoroughbreds, the syndicator that donated the horse. Trumpeter Swan, under the guidance of trainer Rick Violette Jr., is working out at New York's Aqueduct raceway, getting ready for his debut. "He has a shot to be a special horse," insists Finley, who sounds like he could market hedge funds himself.