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Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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Ex-Hedge Fund Manager Calls 'Giving Pledge' Worthless

Jan 01, 2014
Jing Chen

Former hedge fund manager Robert Wilson, who leaped to his death in December, is not a fan of Bill Gates' charity pledge.

Fox News reported that Wilson told Microsoft founder and chairman Gates in 2010 through e-mail that the Giving Pledge, an initiative where the wealthy promise to donate at least half of their assets to charity, was "practically worthless."

Wilson said that he felt that the pledge’s loophole that allowed signers to gift their wealth to a family-controlled foundation is problematic and called the initiative " bureaucracy-ridden sluggards."

Wilson, the founder of Wilson Associates, jumped to his death last month after suffering a debilitating stroke. 
                                      

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