People in the News


ACLU loses key hedge fund backer

February 01, 2010  


Gelbaum's gift withdrawal has sparked speculation that the billionaire investors' finances could be in trouble.

Hedge fund veteran David Gelbaum--famed for his role in helping build Princeton-Newport Partners into the first market neutral hedge fund, and more recently for his clean technology investments--recently made headlines for withdrawing his annual $20 million gift to the American Civil Liberties Union for 2010. Gelbaum's gift withdrawal, which represents 25% of the ACLU's annual budget and is said to be due to market conditions, has sparked speculation that the billionaire investors' finances could be in trouble.


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