Hedge-Fund Couple Gives $16-Million to Chicago Hospital

The billionaire hedge-fund managers Kenneth and Anne Griffin will give $16-million to Chicago’s Children’s Memorial Hospital to establish an emergency-care center, reports the Chicago Tribune.

Mr. Griffin, founder of Citadel Investment Group, and his wife, who heads Aragon Global Management and serves on the hospital’s investment committee, started a charitable foundation last year.

The gift is part of a capital campaign toward the hospital’s plan to move from its current, 50-year-old site to an expanded facility. The new center, to be called the Ann & Robert H. Lurie Children’s Hospital of Chicago, is slated to open in 2012.

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