Ultra-wealthy hedge fund managers are used to donating to charity but Daniel Loeb, founder and chief executive of Third Point, is taking things to another level by challenging the elite force of US Navy Seals in order to raise funds for their foundation.

Wall Street blog Dealbreaker posted that Loeb has challenged three directors of the Navy Seal Foundation to run the "MightyMan" Half Iron Triathlon with him and his team in October http://bit.ly/pNuMsY.