Monday, 1 September 2014
Last updated 2 days ago
Jun 10 2011 | 2:04am ET
Hedge fund honcho Roxanne Martino has resigned from the University of Notre Dame's board of trustees following revelations that she gave money to two pro-choice organizations.
Martino, the president and CEO of Aurora Investment Management and 1977 Notre Dame graduate, quit the board just two months after joining it. He appointment triggered criticism from the Cardinal Newman Society, a conservative watchdog that seeks to keep Catholic colleges and universities in line with Roman dictates.
"I dearly love my alma mater and remain fully committed to all aspects of Catholic teaching and to the mission of Notre Dame," Martino said in a statement, calling her resignation a matter of "the best interest" of the university. "I had looked forward to contributing in this new role, but the current controversy just doesn't allow me to be effective."
That controversy stems from Martino's contributions to Emily's List and the Chicago Foundation for Women. The former, to which Martino has given more than $25,000, seeks to further the political prospects of pro-choice female candidates, and the latter is affiliated with Planned Parenthood.
Notre Dame's board chairman, Richard Notebaert, and its president, John Jenkins, have said that Martino did not know the two organizations promoted abortion rights, which are anathema to the Catholic Church, the Chicago Tribune reports.
"On the basis of a recommendation from others, she made contributions to two organizations, and she regrets that she did not personally review their activities," Notebaert said. "That she erred in not knowing completely about two of the many organizations to which she makes contributions does not in any way diminish the exemplary way in which she has lived her life and faith."
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...