# Prof. Alexander Ljungqvist on hedge funds investing in start-ups

1 Faculty News January 5, 2014 ![The New York Times Logo](/sites/default/files/styles/246w/public/assets/images/uat_027320.jpg?itok=W8xBr66g)>

Excerpt from [The New York Times](http://dealbook.nytimes.com/2014/01/05/1-billion-as-milestone-and-omen/?_r=0) -- “'These funds have a lot of money and push money out into whatever looks hot,' said [Alexander Ljungqvist](http://www.stern.nyu.edu/faculty/bio/alexander-ljungqvist), professor of finance at New York University. 'It’s like throwing spaghetti at the wall and seeing what sticks.'”

[Read more](http://dealbook.nytimes.com/2014/01/05/1-billion-as-milestone-and-omen/?_r=0)