Bailey McCann, Opalesque New York:
HFC will be honoring Marathon Asset Management’s Bruce Richards, who will be presented with the Award for Caring during the 16th Annual New York Open Your Heart to the Children Benefit, held in New York, NY. The gala, the largest gathering that Hedge Funds Care/Help For Children ("HFC") holds worldwide, will bring together 1,000 hedge fund executives to honor the work of industry luminary and active philanthropy participant, Bruce Richards, and to raise funds to help prevent and treat child abuse in New York, New Jersey and Connecticut.
Mr. Richards is a Managing Partner and CEO of the multi-billion global credit market focused hedge fund Marathon Asset Management. Marathon was founded by Bruce Richards in 1998 and is headquartered in New York City. Marathon manages over $11bn in capital. His strong commitment to philanthropy is demonstrated by generous support of HFC, Safe at Home, Earth Day Network, UJA, the Birds Nest Foundation, the R Baby Foundation, and other essential non-profit organizations.
Dean Backer, President of HFC and Global Head of Sales and Capital Introduction in the Global Securities Services business at Goldman Sachs, said "I am personally thrilled that one of our preeminent hedge fund leaders would accept the HFC Award for Caring. Bruce Richards and Marathon Asset Management have been significant supporters of HFC and are very deserving of this honor."
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