{"id":38501,"date":"2013-10-08T13:10:40","date_gmt":"2013-10-08T17:10:40","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=38501"},"modified":"2013-10-09T13:13:47","modified_gmt":"2013-10-09T17:13:47","slug":"former-centaurus-hedge-fund-founder-donates-10-million-during-government-shutdown","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2013\/former-centaurus-hedge-fund-founder-donates-10-million-during-government-shutdown.html","title":{"rendered":"Former Centaurus Hedge Fund Founder Donates $10 Million During Government Shutdown"},"content":{"rendered":"

\"mhs_logo\"<\/a>New York (HedgeCo.Net) – Former hedge fund manager John Arnold and his wife have\u00a0pledged up to $10 million in an effort to fund Head Start programs that could no longer operate due to the government shutdown. “Early childhood programs for low-income families in six states, forced to close because of the government shutdown, will reopen.” CNN reports.<\/p>\n

“More than 7,000 at-risk children will be able to return to their Head Start classrooms after philanthropists Laura and John Arnold extended up to $10 million in emergency funding support to the National Head Start Association.” The charity said. “The support will provide assistance to Head Start and Early Head Start programs that were forced to close or are facing closure this month as a result of the government shutdown.”<\/p>\n

His firm, Centaurus Advisors, LLC, is a Houston-based hedge fund that specializes in trading energy products, Arnold retired in 2012.\u00a0In 2011, he and his wife donated over $100 million to different causes\u00a0including the\u00a0Laura and John Arnold Foundation\u00a0which they founded. In 2012 they gave away or pledged $423 million.<\/p>\n

\u201cFor nearly fifty years, Head Start has been the window of opportunity for more than 27 million of our nation\u2019s poorest children as they embark on their journey to achieve the American Dream,\u201d said Yasmina Vinci, Executive Director of the National Head Start Association. \u201cThe Arnolds\u2019 most generous act epitomizes what it means to be an angel investor; they have selflessly stepped up for Head Start children to ensure their path toward kindergarten readiness is not interrupted by the inability of government to get the nation\u2019s fiscal house in order.\u201d<\/p>\n

In addition to traditional philanthropic activities, Arnold also\u00a0advocates for pension fund reform, encouraging state and local governments to reduce benefits to workers and to invest assets in riskier investments such as hedge funds. Some have criticized his efforts, saying that hedge fund managers, such as himself, collect generous sums in fees for managing the funds, while the workers are left with reduced pensions.<\/sup>
\n<\/a><\/sup><\/p>\n

Alex Akesson
\nEditor for\u00a0HedgeCo.net<\/a>
\nalex@hedgeco.net<\/a>
\nHedgeCo.Net<\/a>\u00a0is a premier\u00a0hedge fund database<\/a>\u00a0and community for qualified and accredited investors only. Membership in\u00a0HedgeCo.net<\/a>\u00a0is FREE and EASY. We also offer FREE LISTINGS for\u00a0Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

New York (HedgeCo.Net) – Former hedge fund manager John Arnold and his wife have\u00a0pledged up to $10 million in an effort to fund Head Start programs that could no longer operate due to the government shutdown. “Early childhood programs for […]<\/p>\n","protected":false},"author":2,"featured_media":38505,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,16005,3,16021],"tags":[],"class_list":["post-38501","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-activist-funds","category-developing-stories","category-hedgeco-news","category-philanthropy"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/38501","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=38501"}],"version-history":[{"count":7,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/38501\/revisions"}],"predecessor-version":[{"id":38540,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/38501\/revisions\/38540"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media\/38505"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=38501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=38501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=38501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}