Posted 1 year ago on Feb. 28, 2012, 3:46 p.m. EST by GirlFriday
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While it has been well known that the oil billionaire, Charles Koch, has been funneling tens of millions of dollars through his foundation into economic programs at public universities and mandating approval of faculty and curriculum in some instances, it has not heretofore been reported that a sweeping partnership in these programs has sprung up between Koch and the southern banking giant, BB&T, the latter corporation mandating that Ayn Rand’s book Atlas Shrugged is taught and distributed to students.
Through ARI’s assistance, Ayn Rand’s ideas are taught and studied at more than 50 of America’s most influential institutions of higher education, including: Clemson University, Duke University, University of Virginia, University of Texas at Austin, University of Pittsburgh, University of North Carolina at Chapel Hill, Brown University, University of Kentucky, University of South Carolina, University of Florida, University of West Virginia and Wake Forest University.”
....he key speakers included Dmitry Balyasny of the hedge fund, Balyasny Asset Management, as well as Colvin, also from this hedge fund and creator of the New York chapter of the Ayn Rand Institute. Another key speaker was Scott Schweighauser, partner and chief investment officer of Aurora Investment Management, L.L.C., a fund of hedge funds managing approximately $10 billion.
The biggest donors at the event who would allow their names to be published, included the following:
$50,000: Balyasny Asset Management
$25,000: Christopher (Chris) Asness, managing principal and co-founder of hedge fund AQR Capital Management. Asness is a former managing director at Goldman, Sachs & Co.
$25,000: Eric Brooks and Jeff Yass of hedge fund and private equity firm Susquehanna International Group.
$25,000: Jim Brown of hedge fund, Brandes Investment Partners.
$25,000: Scott Schweighauser of fund of hedge funds, Aurora Investment Management, L.L.C.
There are two simple words that sum up why hedge funds would be bankrolling the resurrection of a woman who’s been dead for thirty years: Dodd-Frank, the financial reform legislation that Wall Street is desperately trying to kill.