Wednesday, 1 October 2014
Last updated 24 min ago
Mar 26 2010 | 3:57am ET
The children of Long Island have a new champion: SAC Capital Advisors’ Steven Cohen.
The hedge fund honcho has given $50 million—and his name—to the former Schneider Children Hospital in New Hyde Park, N.Y. The hospital, just a few miles from Cohen’s hometown of Great Neck, will be called the Steven and Alexandra Cohen Children’s Medical Center of New York, the North Shore-LIJ Health System announced.
The Cohen’s donation will be used to complete an expansion postponed in 2008, after the donors pulled out following the Bernard Madoff scandal. The hospital plans to add 50 beds to its pediatric intensive care and medical surgery units.
“Pediatric health care is an issue that is near and dear to our hearts,” Cohen said.
The Cohens have donated millions to children’s hospitals, including $7 million to the Long Island hospital over the past decade.
The Schneider family has been sponsoring the hospital since 1983, but earlier this month asked their name be removed. The family wishes to have the name used exclusively on a children’s hospital in Israel.
Earlier this month, the Cohens made a more personal donation somewhat closer to home, giving their Zamboni machine to the Rye Country Day School, the private school in Westchester County, N.Y., attended by their daughters. The Cohens are dismantling the ice rink at their Greenwich, Conn., mansion.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...