Hedge fund mogul Bruce Kovner and his wife, Suzie, have been awarded the 2016 William E. Simon Prize for Philanthropic Leadership, Philanthropy Roundtable announced. The annual award is named for the late businessman, foundation leader, and U.S. treasury secretary who helped launch the organization.
Mr. Kovner founded global hedge fund Caxton Associates. He retired in 2012 to focus on the couple's philanthropy. Their chief causes include school reform, particularly in support of charter schools, and arts education. The Kovner's gave more than $60 million in 2013 to the Juilliard School, the board of which Mr. Kovner has chaired since 2001. The Simon Prize carries a $250,000 award, which goes to a charity of the winner's choice.