Saturday, 26 July 2014
Last updated 21 hours ago
Feb 7 2011 | 8:53am ET
Hedge fund billionaire George Soros was the most generous giver of 2010, according to the Chronicle of Philanthrophy's annual ranking.
Soros topped a decidedly unimpressive list, according to the Chronicle: The 50 biggest donors of last year gave a combined total of $3.3 billion, the smallest total since the Chronicle began putting out the list a decade ago. About one-tenth of that figure was donated by the Soros Fund Management chief, who gave a total of $332 million last year, including to his own Open Society Foundations.
New York City Mayor Michael Bloomberg was second on the list with $279.2 million in donations.
Only one other alternative investments honcho made the top 10: BP Capital's T. Boone Pickens, who gave $101 million, almost all of it in the form of a pledge to Oklahoma State Universities to fund academic merit- and need-based scholarships, although the school won't get it until he dies.
Also making the top 50 were Pershing Square Capital Management's William Ackman ($59.3 million) and the Carlyle Group's David Rubenstein ($26.6 million).
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…