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By Patrick Clark 10/23/12 12:57pm

big give

john-paulson

Hedge Fund Billionaire John Paulson Goes Long With $100 Million Gift to Central Park Conservancy

You know John Paulson: He’s the hedge fund manager who scored biggest betting against mortgage-backed bonds ahead of the subprime crisis, and while it hasn’t been all champagne and roses since, that’s hardly stopped the guy from loosening the purse strings. In June, he paid $49 million for a 90-acre Aspen, Colo. ranch previously owned by Saudi Prince Bandar bin Sultan.

Today, the hedge fund billionaire announced a $100 million gift to the Central Park Conservancy, the largest donation made to the organization charged with the physical management of the park.

“The Conservancy is responsible for transforming and sustaining Central Park as the celebration of culture, nature and democracy that it is today,” Mr. Paulson said in a press release issued by the Conservancy. “It is my hope that today’s contribution will help it endure and flourish and inspire others to join me in ensuring that the Park continues to receive the support it needs to be this city’s greatest asset.” Read More

By Patrick Clark 9/14/12 3:20pm

big give

Rio Grande cutthroat trout

Moore Capital’s Louis Bacon Makes (More) Room for Wildlife on Colorado Ranch

Moore Capital Management founder Louis M. Bacon has donated a 77,000-acre conservation easement on his Trinchera Ranch in Colorado, the U.S. Department of Interior announced today. The easement, in the center of the Sangre de Cristo mountain range, is said to offer breathtaking vistas of high desert shrubs and mountain grasslands; the Southwestern Willow flycatcher and the Rio Grande cutthroat trout are among the species that will benefit from the new conservation area, Leith Edgar, a spokesman for the U.S. Fish and Wildlife Service, told The Observer.

Mr. Bacon, a noted huntsmen, had previously donated a 90,000-acre easement on his neighboring Blanca Ranch earlier this year. Read More