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The Latest Breaking News from Ken Griffin

Look at what hedge funds really do – and tell me capitalism is about ‘rewarding risk’

‘Alternative asset managers’ are mainly focused on protecting themselves from losses – and they get tax breaks for it, too, says author Brett Christophers

The Guardian - UK

University of Chicago’s new international police academy teaching policing successes of New York, Los Angeles, not Chicago

Homicide rates plummeted in those cities over the past 30 years. “We haven’t seen that same success in Chicago, where murder rates have remained stagnant for 30 years. That needs to change,” said Kristen Mahoney, director of the new academy.

Chicago Sun-Times

Financial transaction tax for Chicago? Forget it

A Chicago tax on financial transactions, a proposal that’s been repeatedly floated from some progressives, is off the table in Springfield.

Chicago Sun-Times

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New Disney penalties hint at DeSantis’ punitive streak

TAMPA, Fla. — Florida Gov. Ron DeSantis has promised that Disney won’t get the last word.

Tribune News Service

Citadel’s Ken Griffin gives $300 million to Harvard University

Billionaire Ken Griffin has given $300 million to Harvard University, his biggest gift ever to his alma mater.

Tribune News Service

Harvard to rename school after top Republican donor following $300m gift

Graduate school of arts and sciences to be named in honor of Ken Griffin, 54, hedge-fund billionaire and world’s 35th richest person

The Guardian - US

Latest Forbes list shows Musk, Trump, and others are worth less, while Illinois lost its wealthiest resident

Forbes published its annual billionaires list Tuesday and for the first time in years, hedge fund manager Ken Griffin is not the richest person in Illinois.

Chicago Tribune

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A bloody delusion: how Iraq war led to catastrophic aftermath in Middle East

The 2003 invasion’s legacy reverberates in the emboldenment of Iran, Islamic State’s violence and the disintegration of Syria

The Guardian - UK

Ken Griffin says SVB failure would have been 'lesson in moral hazard'

The CEO of hedge fund Citadel said that backing Silicon Valley Bank's deposits in full was a "loss of financial discipline."

Fortune

Tax rule change will strengthen Illinois cannabis entrepreneurs

Now is the time to make these important, common-sense changes that will set up the industry and its members for success well into the future.

Chicago Sun-Times

At first debate of Chicago mayoral runoff, Johnson attacks Vallas’ record as rival tries to stay above the fray

CHICAGO — The first debate of Chicago’s mayoral runoff election featured a series of attacks from Brandon Johnson on Paul Vallas, who largely avoided attacking in kind, even as the criticism escalated.

Chicago Tribune

'It really shouldn't be this way': Top economist Mohamed El-Erian blames the Fed for bad messaging and stock volatility

Fed's Jerome Powell hinted in February that inflation hikes would slow because disinflation was underway. But on Tuesday, he seemed to backtrack.

Fortune

Wall Street’s most successful hedge fund just politely told the Fed to shut up

Citadel's Ken Griffin said the Fed cannot work magic, so it must avoid making its job of tackling inflation harder by confusing markets.

Fortune

DeSantis holds up Disney move as proof he’ll fight ‘woke’ corporations

LAKE BUENA VISTA, Fla. — As he declared victory over Walt Disney Co. on Monday, Gov. Ron DeSantis lectured the corporate leaders of the state’s biggest employer in its lifeblood tourism industry.

Orlando Sentinel

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Birmingham Post

Gary Neville, Boohoo and Begbies Traynor: The 16 latest North West deals not to miss

BusinessLive has rounded up some of the latest top deals you should not miss

Chicago Tribune

Florida Gov. Ron DeSantis visits Illinois as part of visit aimed at showing he’s pro-police

ELMHURST, Ill. — Florida Gov. Ron DeSantis, exploring a 2024 bid for the White House, came to west suburban Elmhurst on Monday as part of a tour attacking Democrats for enacting “woke” policies that encourage crime and weaken law enforcement as he recruited police officers to move to the Sunshine…

Birmingham Post

Boohoo stake increased by group owned by one of the world's richest men

Ken Griffin has an estimated net worth of £21bn

Fortune

Ken Griffin credits Citadel’s historic $16 billion haul to employees' full-time return to the office

The secret to Ken Griffin’s record-breaking year, if you ask him, is simple: Workers returned to the Citadel offices.

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Chicago Sun-Times

Cook County Commissioner Sean Morrison took $300K from nonprofit linked to Ken Griffin

Morrison got the money in his tight reelection race from a nonprofit that has financial ties to a PAC funded by the billionaire.

Los Angeles Times

Michael Hiltzik: A cowardly NHL bows down to a bullying DeSantis

Most children, probably by the age of 10, have learned the lesson that the worst way to placate bullies is to give them what they want.

Chicago Sun-Times

Chicago’s top 10 stories for 2022

Another whirlwind year of local news saw a string of City Hall denizens bowing out, thousands of families reeling from the ongoing epidemic of gun violence and a wave of new arrivals looking to get their footing.

Miami Herald

‘It’s crazy’: Billionaire owner wants to move Jennings Bryan’s historic Miami villa

Billionaire Miami newcomer Ken Griffin, who has received an effusive welcome from local politicians as he moves his Citadel financial empire to the Magic City from Chicago, wants them to do something for him: Take one of the city’s most significant historic homes off his hands.

Chicago Tribune

Billionaire Ken Griffin sues IRS over leaked tax records

Multibillionaire Ken Griffin filed a lawsuit against the IRS Tuesday alleging the agency violated his right to privacy after investigative journalism outlet ProPublica reported in April on the tax records of the Republican megadonor and former Chicagoan.

The Independent UK

Generous boss sends 10,000 staff to Disney World after ‘record year’

Workers jetted off to Orlando for three days

The Independent UK

Hedge fund CEO’s employee gift of three days at Disney World stirs controversy

Celebrations come as Wall Street firms prepare for leaner times and cut back

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