Citadel Founder Ken Griffin Donates $300 Million More to Alma Mater Harvard (Reuters)
Billionaire investor Kenneth Griffin, who started his hedge fund in his dormitory at Harvard University, is donating $300 million to his alma mater, raising the total amount of his gifts to the Ivy League university to more than half a billion dollars. The gift, which is unrestricted, is earmarked for the university’s 150-year-old Faculty of Arts and Sciences (FAS), which oversees the undergraduate program as well as all PhD programs plus athletics, museums and libraries.
Litigious Former Hedge Fund Manager Thinks Judge’s Novel Is Based On Him, Wants A New Judge (DealBreaker)
The former CEO of Highland Capital Management, James D. Dondero, believes novels written by U.S. Bankruptcy Judge Stacey Jernigan contains an “evildoer” character based on him. The issue is Highland Capital Management’s bankruptcy is before Judge Jernigan, and Dondero is involved due to allegations from a trustee that Dondero tried to avoid litigation claims by transferring company assets. Dondero sought Judge Jernigan’s removal in an April 4 petition for mandamus. That was ordered unfiled because the previous bankruptcy appeal was dismissed, he can, however, file a new action.
Hedge Fund Marshall Wace Builds £156 Million Short Position in NatWest (Bloomberg)
Marshall Wace has taken a £155.6 million ($193 million) short position against NatWest Group Plc, the largest-ever disclosed short against the British bank since records began in 2012. The latest disclosure to the UK’s Financial Conduct Authority shows the hedge fund increased its bet against the lender on March 23, bolstering its position from 0.51% as of March 10, representing about 0.61% of the taxpayer-backed bank.
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Millennium Taps Morgan Stanley for Emerging Market Equities Analyst (The Trade News)
Hedge fund Millennium has appointed Utkarsh Khandelwal as an emerging market equities analyst, The TRADE can reveal. Khandelwal joins Millennium from Morgan Stanley, where he spent the last 13 years, most recently serving as vice president, Asia equity sales for the past four years. Prior to that, he held the position of India specialist for institutional equity sales. Elsewhere in his tenure at Morgan Stanley, Khandelwal held research associate positions in both the internet and media sector as well as in India equity strategy.
Sissener Canopus UCITS Celebrates 11 Years (Hedge Nordic)
London (HedgeNordic) – The award-winning Sissener Canopus global equity long/short strategy has annualized at 12.8 percent and made 268 percent (NOK share class) since inception in April 2012, with less volatility than long only equity indices. The fund is amongst an elite group of Nordic-based hedge funds that have delivered a Sharpe ratio near one though this is a fortunate consequence of the investment process, rather than an explicit target.
