Hedge Fund News: Ray Dalio, Paul Singer & Ken Griffin

Page 1 of 2

Family Interests, Family Giving: A Look Inside the Dalio Foundation (InsidePhilanthropy)
Ray Dalio, the enigmatic, transcendentally meditating leader of one, if not the, most successful hedge funds in the country, does not tend to brag or boast about, well, anything. Not about one of his funds earning 38 percent YTD a few years back, or about his net worth, which continues to grow by the minute. (Forbes’ estimates his fortune at $14.4 billion.) Dalio has said that he hates media attention, a feeling that seems to spill over into his philanthropy. Being that Ray Dalio seems to be one of the more modest billionaires around, it isn’t surprising that he quietly funded the Dalio Foundation years ago…

BRIDGEWATER ASSOCIATES

SEC settles with Paradigm over prohibited transaction, whistleblower retaliation claims (PIOnline)
Paradigm Capital Management and founder Candace King Weir agreed to pay $2.2 million to settle charges that it engaged in prohibited transactions and retaliation against an employee whistleblower, the Securities and Exchange Commission announced Monday. The Albany, N.Y-based hedge fund firm, which has $1.7 billion under management, agreed to the settlement without admitting or denying the allegations. The case, which represents the SEC’s first using new authority to bring anti-retaliation enforcement actions, “underscores the importance of properly managing and mitigating conflicts of interest,” said Andrew Ceresney, SEC enforcement director, on a press call.

Paul Singer Wins Big As Supreme Court Declines To Intervene In Case Of The Defaulted Argentina Bonds (JewishBusinessNews)
Today the United States declined to intervene in two cases with international diplomatic ramifications, concerning Argentine defaulted debt. In the first case the court declined to intervene, without any explanations as to why, in a case where the State of Argentina claimed that lower courts had somehow misread Argentina’s international bond covenants and had also violated its immunity as a sovereign state. The rebuff is a victory for distressed debt investors, led by a Paul Singer-controlled hedge fund, NMI Capital who acquired distressed Argentine debt obligations both shortly before, and after, it defaulted on US$95 billion of its international sovereign debt in 2001.

Rajaratnam’s Appeal Denied By Supreme Court (FoxBusiness)
The Supreme Court on Monday denied jailed hedge fund manager Raj Rajaratnam’s request to have the appeal of his insider trading conviction heard by the highest court in the U.S. Rajaratnam’s appeals are now exhausted and he will remain in jail to serve out his 11-year sentence. The high court rejected Rajaratnam’s appeal without comment. The Supreme Court only accepts a fraction of the cases appealed to its level. Rajaratnam, the billionaire co-founder of Galleon Group, was convicted in 2011 on 14 felony counts related to insider trading at his Manhattan hedge fund.

Hedge Fund Mogul Ken Griffin Donates $2.5 Million to Bruce Rauner (CSNChicago)
Citadel CEO Ken Griffin has donated a record-smashing $2.5 million to the campaign of Bruce Rauner, Illinois’ Republican nominee for governor. It is the largest single political contribution from a donor to candidate in state history, and increases Griffin’s total offerings to Rauner to $3.57 million. The Chicago-based billionaire submitted the cash to Rauner’s campaign on Wednesday, the day before Rauner released his much-hyped, much-mocked plan to reform what he deems wasteful government spending. Earlier this year, the founder of Citadel, an $18 billion hedge fund, contributed $150 million to Harvard, his alma mater, to be used for students’ financial aid. Griffin himself is worth $5.2 billion.

Time for Bob Evans breakup: Cramer (CNBC)

Page 1 of 2

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!