How do you raise the standard of living in the poorest neighborhoods in the country?

That’s what community developers, typically nonprofits that build and finance affordable housing, have tried to do over the last few decades. And yet [...] many of these communities remain stuck in poverty. [...]

This problem has stumped community developers for decades. But two local nonprofits think they’ve hit on something: They’ve created a private equity fund. — marketplace.org

Have you heard the latest wisecrack about Harvard? People are calling it a hedge fund with a university attached [...]

Though the exact figure is hard to determine, experts I consulted estimate that over $100 billion of educational endowment money nationwide is invested in hedge funds, costing them approximately $2.5 billion in fees in 2015 alone. The problems with hedge funds managing college endowments are manifold, going well beyond the exorbitant...fees they charge for their services. — the Nation

The Board of Supervisors has approved a road map for the Los Angeles County Museum of Art as it plans a $600-million makeover that would tear down and rebuild most of its Miracle Mile campus [...].

If there are no serious bumps in the road ahead, the plan would yield a streamlined, curving 410,000-square-foot new museum building designed by Swiss architect Peter Zumthor that would open in 2023, spanning Wilshire Boulevard with an enclosed bridge that doubles as gallery space. — latimes.com

According to data compiled by the firm PropertyShark, since 2008, roughly 30 percent of condo sales in large-scale Manhattan developments have been to purchasers who either listed an overseas address or bought through an entity like a limited-liability corporation, a tactic rarely employed by local homebuyers but favored by foreign investors [...] “The global elite,” says developer Michael Stern, “is basically looking for a safe-deposit box.” — New York Magazine