Hedge-fund manager Barry Colvin raises funds for ARI outpost in NYC

A new article in the Wall Street Journal begins:

Forget tea leaves: Wall Street is turning to Ayn Rand for guidance.

Hedge-fund manager Barry Colvin has raised $60,000 to start a Greater New York outpost of the Ayn Rand Institute, the first chapter in the country for the Irvine, Calif.-based nonprofit dedicated to the late free-market philosopher and novelist.

“The idea is on-the-ground reconnaissance,” said Mr. Colvin, vice chairman of Chicago-based Balyasny Asset Management. Mr. Colvin contributed the bulk of the funds but rallied donors for the rest.

“It’s our civic duty to pound the table about making people challenge their own ideas behind what they think the role of government should be,” he said.

As a kick-off, Mr. Colvin will co-host a series of debates next month on freedom, government and capitalism with Demos, a public-policy research and advocacy group based in New York.