Aurora President Resigns Notre Dame Board After Abortion Furor

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."


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR