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The top 25 hedge fund foundations reached $4.6 billion


Date: Wednesday, June 11, 2008
Author: Absolute Return

 

TOP 25 HEDGE FUND FOUNDATIONS REACH $4.6 BILLION

 

GEORGE SOROS’ OPEN SOCIETY INSTITUTE LEADS RANKING

 

 

 

New York, June 11, 2008 –The top 25 hedge fund foundations now have $4.6 billion, according to Absolute Return, the premier U.S. hedge fund magazine. That’s 31% more than the $3.5 billion hedge fund foundations had last year. “Spreading the Wealth,” an article in the June 2008 edition, reflects totals for foundations’ most recent federal filings, which span from calendar year end 2005 to fiscal year 2007.

 

Despite market volatility, total annual giving by the top 25 hedge fund foundations increased by 61%, to $459 million, compared with data available at this time last year. The analysis also reported that three most popular causes among hedge funds are charities aimed at children, education and healthcare.

 

“A great deal of attention has been placed on the compensation that hedge fund managers receive. This survey sheds some light on the fact that they have shared their wealth with diverse and worthy causes,” said Michelle Celarier, editor of Absolute Return.

 

 

About Absolute Return

Absolute Return is the leading source of U.S. hedge fund news and information featuring proprietary data and analysis on over 1,600 U.S. single-manager hedge funds. Absolute Return, a monthly magazine, and the Absolute Return Directory and Database, are divisions of HedgeFund Intelligence, a global provider of hedge fund news and data. For more information, please visit www.hedgefundintelligence.com/ar/.

 

 

 

 

TOP 5 U.S. HEDGE FUND FOUNDATIONS (SINGLE DONOR)

Rank

Manager

Firm

Foundation

Total assets

1

George Soros

Soros Fund Management

Open Society Institute

1,315,260,430

 

 

 

Soros Economic Development Fund

139,591,713

 

 

 

Soros Fund Charitable Foundation

112,388,634

 

 

 

Soros Charitable Foundation

90,731,433

 

 

 

Soros Foundation-Hungary

41,274,069

2

Julian Robertson

Tiger Management

Robertson Foundation

750,981,022

 

 

 

Tiger Foundation

18,608,109

 

 

 

The Blanche and Julian Robertson Family Foundation

25,510,270

3

Jim Simons

Renaissance Technologies

The Simons Foundation

477,022,066

4

Stephen Mandel

Lone Pine Capital

Zoom Foundation

196,635,119

 

 

 

Lone Pine Foundation

16,715,612

5

Boone Pickens

BP Capital Management

T. Boone Pickens Foundation

189,000,000

 

TOP 4 U.S. HEDGE FUND FOUNDATIONS (MULTIPLE DONORS)

Founder

Foundation

Total assets

Paul Tudor Jones

The Robin Hood Foundation

288,520,098

Dana Hall, Carol Kim

100 Women in Hedge Funds

2,780,960

Rob Davis

Hedge Funds Care

1,987,025

Mead Welles

A Leg to Stand On

292,949