Friday, 19 September 2014
Last updated 2 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).
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.