Alex Kane reports: Henry Swieca is a money man. The New York-based billionaire made his fortune by co-founding Highbridge Capital Corp., a hedge fund that boasted clients like the American International Group.
In 2009, the banking giant JP Morgan Chase, another client of Highbridge, fully took over the flagship hedge fund. Swieca went on to play a role at two more hedge funds: Talpion Fund Management, which he launched, and Clearline Capital, which Swieca joined as a startup investor in February 2013.
Swieca, whose net worth is $1.2 billion as of September 2013, is well-known as a financial guru. His every move is covered by the financial press. But he’s less known for what his foundation pours money into: right-wing, pro-Israel causes. Along with a host of charitable groups and domestic Jewish centers, the Swieca Family Foundation, which he runs with his Israeli-American wife Estee, has poured tons of cash into pro-Israel groups–including to religious extremist groups that operate in the most sensitive of holy places. Swieca did not return requests for comment on his donations.
According to tax records reviewed by AlterNet, Swieca, an Orthodox Jew, has given hundreds of thousands of dollars to the American Israel Education Foundation, the non-profit offshoot of the powerful lobbying group called the American Israel Public Affairs Committee. He’s also handed over cash to groups like the Friends of the Israel Defense Forces; the right-wing, anti-Muslim David Horowitz Freedom Center; and the Hebron Fund, a Brooklyn-based organization that funnels American money into illegal Israeli settlements in Hebron, a big city in the West Bank that has the most intense regime of settler violence and enforced segregation in the occupied Palestinian territories.
But perhaps most alarmingly is Swieca’s funding of the Temple Institute, an organization that promotes the building of the Third Temple on the third most holy site for Muslims. [Continue reading…]