Saturday, 28 March 2015
Last updated 18 hours ago
Apr 29 2011 | 12:40pm ET
Yet another billionaire has joined Warren Buffett’s charity drive: Ray Dalio of Bridgewater Associates has agreed to give the majority of his wealth away under the Sage of Omaha’s Giving Pledge program.
Dalio, one of the highest-earning hedge fund managers in the U.S. last year, and his wife Barbara were among 10 families named Friday in a statement from the Giving Pledge. To date the organization, founded in June by Buffett and (fellow pledger) Bill Gates, has convinced 69 families in the U.S. to agree to donate more than half their fortunes to charity. Pledges include Facebook founder Mark Zuckerberg and filmmaker George Lucas.
In addition to Bridgewater’s Dalio, the latest crop of pledges includes Jim Simons of Renaissance Technologies, Julian Robertson of Tiger Management, Leon Cooperman of Omega Adviors and T. Boone Pickens of BP Capital.
In their pledge letter, an excerpt of which was included in Friday’s statement, the Dalios said:
“Having more money, while nice, wasn’t all that important. Taking our excesses and providing it to others who have extreme shortages has been both a good investment and a great satisfaction.”
The letter went on to say the couple would support inner-city education, micro-finance and nature conservation.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…