Tuesday, 30 September 2014
Last updated 20 min ago
Jun 15 2012 | 10:49am ET
Hedge fund billionaire Ken Griffin raised thousands for both Barack Obama and John McCain in 2008 but this year he’s not hedging his bets: he’s going all or nothing on Republican presidential candidate Mitt Romney.
The founder of the $13 billion Citadel Investment Group and his hedge-fund manager wife Anne Dias Griffin co-sponsored a $3.3 million Chicago fund-raiser for Romney at Chicago's Pump Room on Thursday.
“There are a number of Barack Obama fund-raiser types from four years ago that have come over now to help with Mitt Romney,” Illinois State Treasurer Dan Rutherford told the Chicago Sun-Times outside fund-raiser. “We’ve had time to see what an Obama White House would be, and it’s not quite what some people thought it would be. People see Romney and say, ‘Here’s a businessman who’s got experience’ … I think we’re finding a number of people willing to pony up.”
Griffin has said in interviews he and his wife, who recently launched Reboot Illinois, a news aggregator web site, believe Romney would be a better steward of the American economy.
Griffin has given more than $1 million to Restore Our Future, the pro-Romney SuperPAC, since last December. The Griffins have given another $1 million to Karl Rove’s American Crossroads SuperPAC since last August and have donated to the Koch Brothers’ Americans for Prosperity.
Griffin told the Chicago Tribune earlier this year that he felt the “ultra-wealthy” like himself (Forbes ranks him as Chicago’s fifth-richest man) have “insufficient influence” in politics.
"Those who have enjoyed the benefits of our system more than ever now owe a duty to protect the system that has created the greatest nation on this planet,” he said.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...