From Chicago Business by By LISA BERTAGNOLI Dollars for dinos: The Kenneth C. Griffin Charitable Fund has donated $5.5 million to Field Museum to create a new display on Antarctic dinosaurs. Field Museum announced the gift today. The new Antarctic Dinosaurs exhibit will open at the museum in summer 2018 and run through January 2019. After that, it will travel to a handful of museums throughout...Read More
From South Florida Business Journal: By: Brian Bandell A company controlled by hedge fund billionaire Kenneth Griffin took out two mortgages for a combined $114 million on land in Palm Beach that he intends to build a mansion on. JPMorgan Chase Bank awarded the mortgages of $101.25 million and $12.75 million to Blossom Way Holdings, led by Griffin as the founder and CEO of...Read More
From Financial Times By Mary Childs “Steve Cohen’s brand was hurt a lot during the insider trading investigations, and he is working very hard to improve his image,” said Don Steinbrugge, founder of Agecroft Partners in Richmond, Virginia. Mr Cohen is having to compete harder for talent, as the “war” to attract the best traders has intensified with the industry’s expansion and the decline of average...Read More
From Reuters UK voters’ surprise decision to leave the European Union roiled markets on Friday, but hedge funds appear to have avoided crippling losses, according to market data and people familiar with fund performance. Money managers were positioned relatively defensively coming into the vote, meaning they had reduced the amount of capital exposed to market turbulence, and even used the resulting sell-off as a buying...Read More
Whether you made money or lost when Brexit was announced, the Palindrome states that it makes the eurozone’s dissolution nearly inevitable……. By George Soros NEW YORK – Britain, I believe, had the best of all possible deals with the European Union, being a member of the common market without belonging to the euro and having secured a number of other opt-outs from EU rules. And...Read More
