Pallotta argues that a highly effective CEO will multiply that investment through effective and efficient management and systems that will increase the money raised.
His hedge funds started losing money in the following years even as the basketball team won on the court and by 2009 Pallotta shut his Raptor Global hedge funds.
Pallotta, the author of Charity Case, is a ranking member of that community, an entrepreneur and activist who created such banner events as the Breast Cancer 3-Day Walks, the AIDS Rides bicycle journeys, and the Out of the Darkness suicide prevention night walks.