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Kenneth Griffin

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Ken Griffin's $3 Billion Gift to Carnegie Mellon Reshapes US Higher Education

Kenneth Griffin, founder of Citadel, has donated $3 billion to Carnegie Mellon University, the largest individual gift in US higher education history. The funds will build a new 35-acre campus in Miami's Wynwood neighborhood and support the university's Pittsburgh location. The Miami campus will open in 2028 and feature a curriculum structured around societal challenges rather than traditional majors.

via The Guardian|

#carnegie-mellon-university #education #higher-education

finance2 months ago•4 min saved

Citadel snaps up Situational Awareness’s AI stock book, lifting Wellington and tempering AI rout

Citadel’s Wellington fund rose about 5.9% in July after purchasing billions of AI-related stocks from Leopold Aschenbrenner’s troubled Situational Awareness in a rapid, less-than-24-hour sale, at roughly a 10% discount. The deal leaves Wellington up about 12% this year as AI equities wobble, and analysts say the purchase helped stem a broader AI-stock selloff while boosting some of Aschenbrenner’s former holdings like Bloom Energy and SanDisk.

via Financial Times|

#ai-stocks #citadel #finance

politics3 years ago•4 min saved

The Uncertain Future of DeSantis and the GOP.

Hedge fund billionaire and Republican megadonor Kenneth Griffin, who had previously given $5 million to Florida Governor Ron DeSantis's re-election campaign, is said to still be evaluating the Republican primary race and has expressed concerns about some of DeSantis's policy moves and pronouncements. Griffin has made clear that he wants the Republican Party to move beyond former President Donald J. Trump. DeSantis is expected to enter the 2024 presidential race as early as next month and will be armed with a well-funded super PAC, Never Back Down, which has raised $30 million in its first few weeks of fundraising.

via The New York Times|

#2024-presidential-race #kenneth-griffin #politics

education3 years ago•3 min saved

Ken Griffin's $300 Million Donation Renames Harvard School.

Harvard University will rename its graduate school of arts and sciences after billionaire hedge fund executive and Republican megadonor Kenneth Griffin, following his $300m contribution, bringing his total support of his alma mater to more than half a billion dollars. Griffin's investments in firearm and ammunition manufacturers, as well as his association with right-wing politicians, have caused controversy. Griffin is also a major political donor and one of the most prominent backers of Florida governor Ron DeSantis. The gift to Harvard was unrestricted and will go to the faculty of arts and sciences.

via The Guardian US|

#controversy #education #harvard-university

education3 years ago•2 min saved

Citadel CEO Ken Griffin donates $300 million to Harvard University.

Kenneth C. Griffin, a billionaire hedge fund CEO and Harvard alumnus, has donated $300 million to Harvard's Faculty of Arts and Sciences, making it his second-largest donation to the university. In recognition of his contribution, the Graduate School of Arts and Sciences will be renamed the Harvard Kenneth C. Griffin Graduate School of Arts and Sciences. The unrestricted gift will support the school's teaching and research in various fields. Griffin has donated more than $1.5 billion to various charitable organizations, including the Art Institute of Chicago and the Obama Foundation.

via Harvard Crimson|

#donation #education #graduate-school-of-arts-and-sciences