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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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Ken Griffin Makes $150M Donation to Harvard

Feb 20, 2014
Jing Chen

Hedge fund manager Ken Griffin gave Harvard University the largest gift in the school’s history.

The Wall Street Journal reported that Harvard graduate Griffin gifted the university with $150 million on Wednesday, which is expected to help as many as 800 undergraduates in need of financial aid annually.

Griffin, the founder and CEO of Chicago-based Citadel, told the news outlet that he made the donation because he believed Harvard’s need-blind admissions policy “a matter of principle.” He also said that he hopes to donate more to Harvard in the next few years and called for his peers to consider doing the same.

Harvard will rename its financial aid office after Griffin in recognition of the donation.

One of the largest hedge funds globally, Citadel manages approximately $20 billion in assets.

 

 

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