Memos for book: The New Tycoons: Inside the Trillion Dollar Private Equity Industry That Owns Everything

Money managers effectively imposing private regulations on an industry: Funds managing $4.8 trillion press the firearm industry to accept new principles on gun safety. A seemingly good intention creating a doubtful precedent ...

Added this book to Silicon roller coaster club as it explains pretty well where private equity firms get money from for investments. Their sources of money (pension funds, municipalities, etc - called "boomer's money" in another book) are tapped by venture capital firms as well for Silicon Valley type of investments. 

I guess all you need to know about hedge funds, from the book: they take money from pension funds, invest them somewhere and thrive on return from investments or lose invested money.

Simple as that