Joel Greenblatt Shunned By Teachers Union Over Charter School Support

As an advocate for charter schools, Greenblatt is discovering that certain pension funds might have in their mandate a political litmus test in order to manage money

Joel Greenblatt, Gotham Asset Management founder and political activist, might be looking at his Gotham Enhanced Return fund and its 17.05 percent return in the first two months of 2015 and scratching his head. How could it be that a fund manager considered a leader in the long / short equity space, might be turned down not due to fund performance, but politics?

It appears that the political opinions of hedge fund managers, not their money management skills, could be at issue...