Tuesday, 21 October 2014
Last updated 11 hours ago
Jun 10 2013 | 9:29am ET
If anyone was skeptical of The Children's Investment Fund's claim that its namesake charity had all the money it needed, that charity moved this weekend to ease any fears.
The Children's Investment Fund Foundation committed US$787 million to deal with children's malnutrition at a global summit in London Saturday. The gift accounted for nearly one-fifth of the US$4.1 billion raised during the Nutrition for Growth event, hosted by British Prime Minister David Cameron.
"Our approach to segmenting deaths by disease—AIDS, malaria, diarrhea, pneumonia—means that we have missed perhaps the most critical factor in preventing death, mordibity and disability," TCI Foundation chief Jamie Cooper-Hohn, the wife of TCI founder Christopher Hohn, said. "Under-nutrition is the underlying cause of almost half of global child deaths and one-third of maternal mortality."
"Today marks the start of a sustained financial and political commitment to ending under-nutrition within a generation," she added.
The TCI Foundation gift is thought to be the largest-ever single gift by a private organization to end child hunger.
TCI in March said it would end its practice of donating a portion of its fees to the foundation, calling it "large enough." The TCI Foundation had more than £2 billion in assets as of August 2011.
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…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...