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"We need separate legislation to fund charter schools," he said.
Especially when your fund charter permits you to invest in almost anything — bonds, illiquid stocks, short positions, uncovered options, 100% cash.
In 1973 Robert Bruce left the Mathers Fund (which was later purchased by GAMCO in 1999) to manage his own money, and in 1983, a year after his son Jeffrey graduated from the University of Colorado, he bought a mutual fund charter and renamed it the Bruce Fund.
That means hiring someone who is not beholden to billionaires like Eli Broad, who fund charter schools, Sanchez said.
But that's not the only way the hedge fund charter networks and private schools will make money.
In 2008, the state passed a law that established the Georgia Charter Schools Commission and gave it the power to approve and fund charter schools.
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The fund charters do not, of course, literally commit to a policy against big wins.
The fund charters do not literally commit to a policy against big wins.
Today, 43 states and D.C. allow charters but all of them fund charters at a lower per-pupil rate and 22 cap their growth.
Admitting this would have entailed re-opening them, rehiring their teachers, and ceasing to fund charters with taxpayer dollars since they could no longer maintain the fiction that charters were public schools in the first place.
"But the New York State charter law is fatally flawed in the way it funds charter schools.
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