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ACLU loses key hedge fund backer
Gelbaum's gift withdrawal has sparked speculation that the billionaire investors' finances could be in trouble.
December 25, 2025
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Hedge fund veteran David Gelbaum--famed for his role in helping build Princeton-Newport Partners into the first market neutral hedge fund, and more recently for his clean technology investments--recently made headlines for withdrawing his annual $20 million gift to the American Civil Liberties Union for 2010.

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