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

Fitch Says Alternative Asset Managers 'Stable' Despite Dry Powder

Nov 20 2014 | 9:30am ET

Ratings agency Fitch says the outlook for seven publicly traded alternative asset...

Lifestyle

Cohen Buys $101 Million Sculpture

Nov 12 2014 | 9:17am ET

Steven Cohen was the sole bidder for a rare Alberto Giacometti sculpture at Sotheby...

Guest Contributor

Why The Big Money Is Going To Europe

Nov 14 2014 | 6:03am ET

Peer-to-peer lending was invented with the individual investor in mind. But despite...

 

Sponsored Content

    For Hedge Funds, Mastering Data Is Key To Success

    Nov 4 2014 | 9:45am ET

    Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

November 2014 Cover

Building a better market

Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.