Photographer: Alan Barnett
By Lananh Nguyen, Reuters
NEW YORK, March 9 (Reuters) - Financial industry heavyweights convened in New York last week to raise funds for a finance museum that has lost its iconic Wall Street address.
At the Museum of American Finance gala, billionaire Ken Griffin welcomed attendees on enormous video screens in Manhattan's art deco-style Ziegfeld Ballroom. Mark Carney, chair of Brookfield Asset Management and ex-Bank of England governor, honored former Federal Reserve Vice Chairman Richard Clarida. JPMorgan Chase and Wells Fargo bought tables.
"The philosopher Santayana said: those who are ignorant of history are doomed to repeat it," Howard Marks, billionaire co-founder of Oaktree Capital Management, told Reuters before he received an award. "This is equally true in the investment business: those who are ignorant of history are doomed to lose money and/or miss opportunity."
The 455 attendees raised $1.5 million for the museum.