Hedge Funds
HARTFORD, Conn. (AP) — Connecticut's partnership with a charity backed by a wealthy hedge fund founder has been disbanded “due to a breach of trust," Gov. Ned Lamont said Tuesday, alluding to leaks that have resulted in negative media coverage. The Democrat, a former businessman, said he was “very sad” that the arrangement with Dalio Philanthropies, the foundation founded by Barbara and Ray Dalio, was ending. The decision came after conversations with Barbara Dalio, Lamont said. A recommendation to end the arrangement will be made in the near future to the Partnership for Connecticut's board, he said.

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