Leon Metzger is going back to school — the Wharton School at the University of Pennsylvania.
Mr. Metzger, vice chairman of $3 billion hedge fund manager Paloma Partners Management Co., Greenwich, Conn., is returning to his alma mater to co-teach the business school's first-ever hedge fund class, along with Christopher C. Geczy, assistant professor of finance.
The course was open to both graduate and undergraduate students, who had to submit their reasons for wanting to attend, along with their resumes. About 100 students applied, 51 were selected, and 66 turned up on the first day, some hoping to audit the course.
Mr. Metzger, who started his working life as an assistant professor of economics at Yeshiva University, New York, developed the curriculum, which includes how to form a firm, raise capital and attract and accept clients, as well as compensation, regulations, operations and risk management.
Mr. Metzger said he loves teaching — "it's not a business for me" — and added that there is already talk about repeating the class next term.