Benedicte Gravrand, Opalesque Geneva: - AIMA, the global hedge fund association, has just produced the first ever global review of the hedge fund industry’s charitable and philanthropic activities.
This comes at the heels of news that Blackstone, one of the one of the world’s largest investment and advisory firms, had partnered with the White House to encourage private sector hiring of America’s veterans, and would hire 50,000 veterans in the next five years.
AIMA's 44-page report, Contributing to Communities, "gives a detailed picture of the global hedge fund industry’s public charitable activities, from workplace-giving schemes and industry fundraising campaigns for charity to individual examples of philanthropy."
This straightforward report, which was researched over the last six months, focuses on the beneficiaries of such charitable activities, outlines some of the social benefits such activity brings to charities and the operational issues faced by hedge funds in setting up charitable initiatives. The findings are based on interviews with individuals at charitable bodies and hedge fund firms as well as publicly available data.
Those activities include "projects and donations that support education, healthcare, the arts and disadvantaged comm......................
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