Monday, 22 December 2014
Last updated 5 min ago
Jan 4 2012 | 2:07am ET
Lansdowne Partners founder Paul Ruddock has been honored for his philanthropy—and, according to critics, his political donations—with a knighthood from the British government.
Ruddock was named a knight commander of the Order of the British Empire, giving him the title "Sir," in the New Years honors list. Ruddock has given millions to London's Victoria & Albert Museum and British Museum, and serves on the board of New York's Metropolitan Museum of Art. But his firm, Lansdowne Partners, allegedly made more than £100 million for its investors by shorting shares of British banks Northern Rock and HBOS during the credit crisis, earning Ruddock the enmity of the opposition Labour Party and some poison pens from the British press.
In addition to his support for the arts, Ruddock has backed Prime Minister David Cameron's Conservative Party with almost £500,000 over the past decade.
Ruddock's knighting "tells you everything you need to know about the Tories' priorities," Labour Shadow Cabinet Office Minister Michael Dugher said. "At a time when millions of families are struggling to get by, it's the Tories' friends in the City who get the rewards."
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.