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
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!