Charles Manby, a senior partner at Goldman Sachs Group Inc., will lead a 100 million-pound ($152 million) fundraising campaign for the Francis Crick Institute, which will be Europe’s largest biomedical research center.
Hedge-fund executive Stanley Fink and investor Howard Flight were among 27 backers of Prime Minister David Cameron ’s Conservative Party appointed to serve as legislators in the U.K.’s unelected House of Lords.
Chancellor of the Exchequer George Osborne came under growing pressure from fellow Tories to revise plans to cap U.K. tax relief for high earners that charities and universities say will discourage donations.
Absolute Return for Kids , the charity founded by Arpad Busson , raised 14.1 million pounds ($20.5 million) last night in London, topping its 10 million pound target, as guests including Queen Rania of Jordan and rock group the Killers urged financiers to donate for children.
The top fundraiser in U.K. Prime Minister David Cameron’s Conservative Party added his voice to criticism of the government’s plans to cap tax relief on charitable donations, the Sunday Times newspaper reported.
Investors need to be wary of deflationary pressures in the global economy as it recovers from the worst recession since World War II, said money managers and former policy makers at a Bloomberg Link conference in London.