Elsewhere online
September 08, 2014

Hedge-Fund Mogul's Divorce Spells End for Chicago Foundation

A Chicago philanthropy that has pledged more than $100-million in the 15 years since its launch is a likely casualty of the split between its founding couple, hedge-fund billionaire Kenneth Griffin and his wife, Anne Dias Griffin, reports the Chicago Tribune. Sources told the newspaper that the Kenneth & Anne Griffin Foundation's work will be folded into Mr. Griffin's personal giving and that of his company, Citadel.

A Citadel spokeswoman said all of the foundation's existing pledges will be fulfilled and that Mr. Griffin, who donated $150-million to Harvard University earlier this year, "will continue to play a very active role civically and philanthropically." Ms. Dias Griffin, a money manager, served as co-president of the foundation and, according to court filings, set aside her own hedge-fund business in part to focus on the couple's philanthropic pursuits.