Warren Buffett donates $2.8 billion to charities (DigitalJournal)
Warren Buffett broke his own record by donating $2.8 billion dollars to the Bill and Melinda Gates Foundation and family charities through selling stock. Warren Buffett donated $2.8 billion of Berkshire Hathaway Inc stock to five charities as part of his plan to give away nearly all of his wealth. Buffett donated about 21.73 million Class “B” shares of Berkshire Hathaway Inc. (NYSE:BRK.A) on Monday. About 16.6 million shares, worth $2.1 billion, went to the Bill and Melinda Gates Foundation, which was founded by the famed Microsoft Corporation (NASDAQ:MSFT) founder and focuses on education, health, and poverty alleviation.
Hedge Fund Manager Settles For 7% Return On House He Owned For Seven Months (Dealbreaker)
The Wooldon Manor estate in New York’s Southampton, which hedge-funder Scott A. Bommer bought for $75 million last year from fashion designer Vince Camuto, has sold again in two separate transactions totaling more than $80 million. The 14.5-acre parcel overlooking Lake Agawam had been listed for $98 million by the Corcoran Group’s Tim Davis and Harald Grant and Ed Petrie of Sotheby’s International Realty…. Last year Mr. Bommer, the founder of hedge fund SAB Capital, and his wife, Donya, paid a then-record $75 million to buy Wooldon Manor from Mr. Camuto…
Two Researchers Win Simons Grants in Math, Physics (IndiaWest)
Kartik Prasanna, associate professor in the mathematics department at the University of Michigan-Ann Arbor; and Keshav Dasgupta, associate professor in physics at McGill University, in Montréal, Québec, Canada, have been awarded research grants from the Simons Foundation. Prasanna’s award is in the field of mathematics and Dasgupta has received a grant for work in theoretical physics. “The award supports an extension of my sabbatical leave to a full year that I can spend entirely on research,” Prasanna told India-West by e-mail. …The New York-based Simons Foundation is a private foundation incorporated in 1994 by Jim and Marilyn Simons. Jim Simons is a well-known mathematician and hedge fund manager.
Tom Steyer’s Epic Green Fail (Breitbart)
Tom Steyer, the fossil-fuel-powered hedge funder, has suffered a series of setbacks in his $100 million campaign to save the planet from ‘global warming’ by destroying the U.S. economy. Earlier this year, Steyer announced that he wanted to make climate change a key issue in the 2014 US midterm elections by funding a $100 million action campaign. Half was going to come out of his own pocket – via his San-Francisco-based NextGen Climate Action group; half from fellow liberal billionaires.
Hedge Funds Bounce Back in Q2 (ai-cio)
Event-driven strategies led the hedge fund sector’s recovery in both performance and inflows terms in the second quarter of 2014, according to two reports into the asset class. Having experienced the worst start to a year since 2008 in the first quarter, hedge funds posted average returns of 2.51% between April and June, according to Preqin. While macro and emerging markets funds led the way in the second quarter, event-driven funds have topped the charts in the first half of the year with an average gain of 5.24% as a wave of global merger and acquisition activity boosted these strategies.
