Detroit Goats

Detroit Forces Hedge Fund Manager To Take Back His Goats

Mark Spitznagel, head of the $6 billion Universa Investments hedge fund, was forced by the city of Detroit to remove the 20 goats he had brought to graze in a blighted neighborhood .

alexmak72427/alexmak72427

A hedge fund manager’s plan to let goats graze in a blighted Detroit neighborhood has derailed after a city-imposed deadline to remove the animals passed on Monday at noon.
Mark Spitznagel, head of the $6 billion Universa Investments hedge fund, had brought 20 goats to Detroit’s Brightmoor neighborhood last week from his Northport, Mich., farm. 

The hedge fund manager’s original plan was to bring up to 60 goats to Detroit to help cut down on the grass in overgrown, abandoned neighborhoods and promote urban farming.

Spitznagel has invested millions in commercial real estate around Detroit.

He hopes to use the goats, part of what he’s dubbed the Idyll Farms Detroit project, in a variety of ways to help Detroit residents, including hiring unemployed community members to build housing and fencing for the goats, recruiting youths to herd them, and, at the end of the summer ...


Link: http://www.buzzfeed.com/mariahsummers/detroit-forces-hedge-fund-manager-to-take-back-his-goats