Poetry should question, not endorse, such firms: Alice Oswald
(NEWSER) - A highly regarded British poet is dropping out of a prestigious poetry contest because a hedge fund management firm is a major sponsor. Alice Oswald was considered a prime contender for the $22,000 TS Eliot Prize for her new collection, Memorial, a retelling of the Iliad. She won the prize in 2002 for another collection. "I'm uncomfortable about the fact that Aurum Funds , an investment company which exclusively manages funds of hedge funds, is sponsoring the administration of the Eliot Prize," Oswald said in a statement. "I think poetry should be questioning, not endorsing, such institutions and for that reason I'm withdrawing from the Eliot shortlist." More»