Obama will play up his climate change agenda (Washington Times)
With congressional elections looming, President Obama increasingly is catering to a staunch part of his political base: environmental groups, hard-core opponents of the proposed Keystone XL oil pipeline and others who share the administration’s lofty goals surrounding climate change. White House officials will meet Wednesday with billionaire activist Tom Steyer, who is poised to pour $100 million into campaigns of congressional Democrats to help pursue the climate change agenda that he and the president share. Mr. Obama is scheduled to address the powerful League of Conservation Voters on Wednesday night, one year to the day after laying out his ambitious climate change agenda during a speech at Georgetown University.
Rauner Donor’s Hedge Fund Group Received $200 Million in Bailout Funds (Gapers Block)
The Sun-Times reported on Friday that Citadel, a hedge fund founded by Kenneth Griffin, received $200 million in bailout funds in 2009 from AIG. Griffin recently gave Bruce Rauner’s gubernatorial campaign $2.5 million in campaign contributions. Griffin has also given more than $1 million previously to Rauner’s campaign as well as allowing Rauner to use Griffin’s private jet for campaigning in Illinois.
Harvard Seeks Fund Chief for the Long Haul (Wall Street Journal)
After the surprise announcement earlier this month that its chief executive is stepping down, Harvard University’s $33 billion endowment is searching for a replacement willing to sign on for the long term, according to a person familiar with the matter. Jane Mendillo, 55, told Harvard Management Co. board members months ago that she was leaving, before a succession plan was in place, according to a person familiar with the matter. At least two directors tried to convince her to stay on longer but she agreed to remain only through the end of the year, according to people familiar with the conversations.
Why hedge funds are under attack by cyber-criminals (CNBC.com)
For about two years, US hedge funds have been under stealthy attacks from cyber-criminals intent on intercepting trading strategies in order to profit from front-running and other illicit maneuvers, cyber-security experts say. That hidden cyber-crime trend was highlighted Thursday when an unnamed US-based hedge fund was reported to have been hacked and its stream of high-speed trade data intercepted by cyber-criminals. They, in turn, apparently used the data to make their own trades first, according to a British cyber-security company.
Allergan Urges Rejection Of Valeant Tender Offer (FINalternatives)
For the third time in six weeks, Allergan, Inc. (NYSE:AGN) has flatly rejected an offer from Valeant Pharmaceuticals Intl Inc (NYSE:VRX) backed by its largest shareholder, Pershing Square Capital Management. In what amounted to a reiteration more than another refusal, Allergan called Valeant’s hostile $53 billion tender offer “grossly inadequate.” The company earlier this month declined an unsolicited bid at that price in similar terms.
