I just stumbled across this article written by Tom Wolfe for Portfolio Magazine’s May 2007 issue.It’s a snapshot of hedge funders as they were less than two years ago: attaching $100,000 checks to their kid’s Country Day admissions application, being snubbed by the boards of Greenwich Hospital and the Boys and Girls Club (Bruce Museum has no such prejudice against new money so you’ll find the disconsolate dears there, trying to pretend that their money is just as good as anybody else’s) and in general being rude, obnoxious souls accompanied by wives who are even worse. I don’t think Tom Wolfe likes them.
But if they even still exist, will they still be here two years from now? And if not, who and what will take their place? Nature and high society both abhor vacuums – it will be fascinating to see what fills the void this class’s disappearance will create.