CEO swaps hedge fund for charity
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The chief executive of the world's biggest listed hedge fund is quitting to focus on private philanthropy.
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With taxes on private equity and hedge funds front and center, many in the industry are looking to Charles E. Schumer, Democrat of New York, for help.
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Bear Stearns Asset Management CEO Richard Marin is taking a stronger role in managing its two troubled hedge funds and tapped mortgage unit head Thomas Marano to save one of the funds, two sources familiar with the decision said.
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The world's second richest man, worth $44  billion, says he will start giving away 85% of his wealth in July, most of it to the Bill and Melinda Gates Foundation
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With funds as with stocks, look for inside help.
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Barron Hilton may have put a crimp in the party lifestyle of his famous granddaughter when he announced that he would donate nearly all of his fortune to the Hilton family foundation.
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Millionaire businessman Tom Hunter pledges to donate more than Â£6m to Band Aid.
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LONDON - A former Wall Street stockbroker plans to start a hedge fund in an ambitious drive to halve the value of Coca-Cola&#39;s shares within 12 months.
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Business & money: Â· Lender tells shareholders that dividend is on hold  Â· Group of hedge funds is rumoured to be in talks
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Bear Stearns Cos. may put up $1.6 billion to rescue one of its money losing hedge funds, half as much as it offered last week, according to two people with knowledge of the situation.
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Amaranth Advisors, the US hedge fund that lost about $6bn betting on gas prices, seeks help as it liquidates its remaining assets.
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By Bruce V. Bigelow, The San Diego Union-Tribune  Dec. 7--A Los Angeles hedge fund yesterday demanded the resignation of  San Diego venture capitalist James A.
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The head of one of the world's largest funders of biomedical research is has said that he's set to substantially increase funding.
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Hotel heiress Paris Hiltonâs potential inheritance dramatically diminished after her grandfather Barron Hilton announced plans on Wednesday to donate 97 percent of his $2.3 billion fortune to charity.  That wealth includes $1.2 billion Barron Hilton ...
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Billionaire investor and Berkshire  Hathaway Chief Executive Warren Buffett is donating about &#36;30  billion in stock to a charitable foundation started by  Microsoft Corp. co-founder Bill Gates, the firm said on Sunday.
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By Maggie Shea, Financial Correspondent  CHICAGO  - Trying out a new locale at Chicago's Millennium Park, Hedge Funds Care's fifth annual Open Your Heart to the Children gala on May 17 collected around $820,000.
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A founder of several Bayou Management hedge funds was sentenced to more than four years in prison Tuesday for a scheme to defraud investors. Judge Colleen McMahon in Federal District Court in Manhattan sentenced James G. Marquez, 59, to 51 months in prison, to be followed by two years of supervised release. He also was ordered [...].