George Soros gives $18 billion to Support his Charity Work.

George Soros is currently recognized as one of the world’s most charitable people. He is a wealthy former hedge fund manager and has donated billions of dollars to support democracy. Soros recently decided to transfer $18 billion to support the activities of the Open Societies Foundation. This is a significant portion of his wealth and is also among the most significant donations that have been made one individual to a foundation. The transfer has been made quietly over the past few years and has grown the Open Societies Foundation the second-largest charity organization in the world, after the Bill and Melina Gates Foundation. The Open Societies Foundation is headed by Mr. Soros who is also its founder. It has conducted charity work for the past three decades in more than 120 countries. The organization has dedicated itself to promoting human rights democracy. In the past few year, it has shifted its attention to the United States and has invested in campaigning against police abuse and protecting gays and lesbians.

The charity organization is appreciated for its several good deeds. In 2014, it donated money to support treatment centers during an Ebola outbreak and the development of a Roma art and culture center. George Soros also gave $10 million to prevent violence in the United States after the 2016 elections. The billionaire has also focused on political undertakings. He was among Hilary Clinton’s main donors during her presidential election campaigns and has supported other Democratic Party politicians. This has made him be criticized by many Republicans. The Open Societies Foundation’s VP, Patrick Gaspard, said that the organization had had a new sense of urgency since Donald Trump was elected as the U.S president.

The philanthropic activities of Mr. Soros have been inspired by his past. During his childhood, he lived in Hungary, which is a Nazi-occupied country. He even experienced the Nazi Occupation violence first-hand before moving to London in 1947 to study. George Soros has had a successful career on Wall Street for the past four decades. In 1992, the philanthropist gained over $1 billion from a bet that he had made against the British pound. His aggressive selling of pound caused the government to devalue the currency. As Soros became wealthy, he started promoting organizations that supported democracy and human rights and created the first division of the Open Societies Foundation in Hungary and George Soros’s lacrosse camp.

The Open Societies Foundation has been giving approximately $800 million to $900 million to charity work every year. The organization plans to increase its donations after receiving $18 billion from Mr. Soros. The billionaire is expected to give an extra $2 billion in the next couple of years. The impacts that the Open Societies Foundation has had to the world in the past two decades is unparalleled. Its charity work has assisted in transforming every part of the globe. George Soros’ wealth is controlled by Soros Fund Management, which is the organization that is in charge of the Open Society Foundation’s charity investments. The billionaire has always been transparent on his views.

Other Reference: https://www.cnbc.com/2017/10/17/philanthropist-george-soros-donates-most-of-his-net-worth-to-charity.html

The Philanthropic Exploits Of Investment Guru, James Dondero

James Dondero is an investment expert based in Dallas, Texas. With more than 30 years of experience, he specializes in credit and equity markets, fixated on distressed investing, high return investments, and alternative investments. In 1993, he co-established Highland Capital Management with Mark Okada and is the current President.Highland Capital Management is registered with the SEC to take part in investment and asset management. The firm currently has under its management assets valued at over $16 billion, making it one of the largest alternative credit proprietors in the world. Highland Capital has a broad client base including high-net-worth individuals, financial organizations, governments, and large corporations. It offers services such as credit strategies, hedge funds, private equity and collateralized loans.

James Dondero holds an undergraduate degree with dual majors in Accounting and Finance from the University of Virginia’s McIntire School of Commerce. He began his career in the training program of Morgan Guaranty as an analyst in 1983. He then went on to serve at American Express as a Portfolio Manager and Corporate Bond Analyst before moving on to work at Protective Life as Chief Investment Officer.He is an active philanthropist and supports causes touching on education, public policy, and veteran’s rights. Owing to this, he was named as a member of the Executive Board of the Southern Methodist University’s Cox School of Business. The Executive Board assists with the creation and implementation of development strategies in the Cox School of Business.

This is in addition to his and Highland Capital’s commitment to supporting projects in the school such as the George W. Bush Presidential Library and Museum, as well as the Tower Scholars Program. James Dondero accepts the partnership with the SMU’s Cox School of Business because of the best committed professionals it produces who make an enormous impact on the Dallas business community, as well as Highland Capital itself.James Dondero is also a member of the boards of MGM Studios and Jernigan Capital. He also serves as the Chairman of CCS Medical, Cornerstone Healthcare, NexBank, and Nex-Point Residential Trust.He is also allowed to use the credential of Chartered Financial Analyst (CFA) and is a Certified Management Accountant (CMA).

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Laidlaw Sued

 

 

Relmada Therapeutics is filing a lawsuit against Laidlaw and Company, its former investment banker. Relmada is also suing the two principals of the firm, James Ahern and Matthew Eitner, accusing them of misusing the company shares and confidential information to instigate a hostile bid for the enterprise. The lawsuit’s agenda is to enjoin Laidlaw’s intentions of continuing to propagate false and misleading information including soliciting proxies from the company’s stockholders through false pretenses. The aim of the lawsuit is to correct the already issued misinformation.

 

 

Restraining Order

 

 

In addition to the claims of breaching the contract and using false information acquired from Relmada during its service as the company’s investment banker, Relmada is in a quest for monetary damages rooting from costs incurred from issuing a response to the false and misleading information released in December 2015. According to Relmada, the Court of Nevada had dictated a temporary restraining order linked to the injunction of Laidlaw and its two principals. The Board of Relmada believes that Laidlaw should compensate the firm for damages caused by Laidlaw. The demand is to prevent Laidlaw from causing the same hard to other companies in future.

 

 

About Laidlaw

 

 

Led by two principals Matthew Eitner and James Ahern, Laidlaw & Company is an investment banking and brokerage firm that provides investment banking and management of wealth services to many companies including public and private companies. Laidlaw offers careful and skillful financial services concerning investment to high net worth investors. The company seeks to preserve its reputation through diversification. They provide services in asset allocation including security selection because it is the vital determinant of the company’s performance. Laidlaw aims to help maximize the client’s return potential by allocating the customer’s money in a chosen set of assets. The team manages client’s exposure to investment risk.