Newark’s Booker Lures Wall Street Millions to City Few Have Seen

Cory Booker strides to the lectern at a June reception honoring hedge-fund founder Bill Ackman. Pershing Square Foundation, Ackman’s philanthropic organization, had pledged more than $25 million since 2007 to help Booker’s poverty-wracked Newark, New Jersey, improve schooling, enhance parks and find jobs for ex-convicts.

Now, in Manhattan’s Mandarin Oriental ballroom, the 43-year-old mayor salutes one of the titans of finance he had persuaded to revive a city in which some have never set foot, Bloomberg Markets magazine reports in its November issue.