Hedge Funds

Kovner gives Julliard $25 million

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Bruce Kovner hit a high-note in the world of New York philanthropy in October when he pledged the storied Manhattan arts-and-music conservatory Julliard a stunning gift of $25 million, the largest in its history. Cash from the Caxton Associates' chief will be used to further fund the Julliard School's endowment program, which is seeking to add faculties and offer more extensive scholarships. No word yet as to whether Julliard will name something big after Kovner, but the school does plan to add a new wing that will house classrooms, a theater and additional performance spaces where young artists