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The article discusses hedge fund manager Marc Mezvinsky's relationship to the family of former U.S. president Bill Clinton as Clinton's son-in-law, noting that a number of investors in Mezvinsky's Eaglevale Partners hedge fund are politically connected to the Clinton family. Topics addressed include investment in Eaglevale by investment firm Rock Creek Group and hedge fund manager Marc Lasry, as well as Mezvinsky's career background.

The article focuses on financier Philip Falcone, manager of the hedge fund Harbinger Capital Partners. The impact on the fund of a U.S. Federal Communications Commission (FCC) decision denying the telecommunication firm LightSquared Inc. permission to construct a national wireless communication system is examined. Falcone and the hedge fund are the largest investors in LightSquared.

The article focuses on financier John Paulson, head of the hedge fund company Paulson & Co. Paulson's reaction to severe 2011 business losses in the largest funds operated by his company is examined, particularly a contrast between his admission to investors that he had made mistakes in investment decisions and his defense of his optimistic economic forecasting for the U.S. which was the fundamental basis of those decisions.

The article considers a trend in which public employee pension trusts and plans are increasingly investing in hedge funds. The pension trusts are seeking higher rates of return on their investment despite the risks involved with hedge funds rather than seek higher contributions from employers, which might require tax increases, or reducing payments to retirees.