"UPenn Faces $100 Million Donation Loss Amidst Antisemitism Controversy"

The University of Pennsylvania (Penn) has lost a $100 million donation from Stone Ridge Asset Management's founder and CEO, Ross Stevens, following Penn President Liz Magill's comments on campus antisemitism at a recent House hearing. Stevens's lawyers allege that Penn violated the terms of their limited partner agreement and criticized the university's permissive approach to hate speech and discrimination against Jewish students. Magill's comments sparked controversy, with Stevens stating that he would rescind Penn's Stone Ridge shares to protect the firm's reputation. The House Education Committee has also announced an investigation into Penn, Harvard University, and the Massachusetts Institute of Technology.