Many of America's most well-known asset managers use their millions or billions to give back, and some of them do so through their own foundations. George Loening of Select Equity Group is one of those who have their own foundation, and we can get a good idea of which hedge funds are his favorite by looking at where he invests his foundation's money.
In Loening's case, he kept the foundation's money essentially in house, although he didn't invest it in every one of Select Equity's funds.
The Select Equity Group Foundation's...