Thursday, 18 December 2014
Last updated 32 min ago
Dec 13 2012 | 11:45am ET
Last night's star-studded benefit concert for victims of Hurricane Sandy may not seem to have much to do with hedge funds. But the more than $30 million it raised will be distributed through a charity founded by Tudor Investment Corp. founder Paul Tudor Jones.
"Every single penny" raised "will go directly to the Robin Hood Relief Fund," David Saltzman, head of the Robin Hood Foundation, said. Jones founded Robin Hood, which usually focuses on homelessness and education in the Big Apple, more than 20 years ago.
The six-hour concert, beamed to the televisions of nearly two billion people, featured an astonishing array of legendary musicians, including Bon Jovi, Eric Clapton, Billy Joel, Alicia Keys, Coldplay's Chris Martin, the Rolling Stones, Bruce Springsteen, R.E.M.'s Michael Stipe, Kanye West and The Who. There was also a Nirvana reunion of sorts, with Paul McCartney filling in for the late Kurt Cobain.
The Madison Square Garden stage and its attendant celebrity phone-banks were also star-studded, with the likes of Steve Buscemi, Chelsea Clinton, Stephen Colbert, Billy Crystal, Jimmy Fallon, Jesse Jackson, Chris Rock, Adam Sandler, Kristin Stewart, Martha Stewart and Amar'e Stoudemire manning the phones, making pleas for donations or introducing rock stars.
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.