Industry Updates

Hedge Funds Care Cayman raises $220,000

Wednesday, December 01, 2010

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Opalesque Industry Update - The Cayman Islands hedge fund community assembled at Camana Bay in support of Hedge Funds Care Cayman ‘Open Your Heart to the Children Benefit.’ The benefit dinner held on 6th November raised a total of $220,000 that will be used to further eradicate and assist the victims of child abuse.

Peter Cockhill, Co-Chair said “Year on year, this event exceeds our expectations and despite the current difficult economic conditions, this year has been no exception. Of course, the success of such an event is due to the hard work and dedication of our committee and the involvement of all who attend.” Cockhill noted that after three years as Chairman, the last of which was as co chair, he was stepping down and Lauren Nelson would assume the role of chairperson assisted by her fellow directors Patrick Agemian, Geoff Ruddick, Greg Bennett and the committee members.

The benefit dinner was attended by 285 people and this year’s theme was Serengeti Sunset. Highlights of the evening included both live and silent auctions, a raffle and live entertainment.

In her address, Lauren Nelson, Co-Chair and incoming Chairperson said that “In these 6 years Hedge Funds Care Cayman has distributed over $1m USD and has made an important difference in community awareness of child abuse and in improving services for vulnerable children. Because of your support and caring many young people in these Islands have new hope for a brighter future and many families are better able to raise safe, happy and productive children.”

Each year relevant organisations are invited to apply for grants to support child abuse prevention and treatment services. Applications are reviewed by a Grant Selection Committee, which includes HFC Board members, Hedge Funds Care ED Dr. Kathryn Conroy, and an academic consultant, from the University of California, Dr. Bart Grossman. Committee members visit the agencies and meet with staff prior to granting the awards. The application process for 2011/12 will start shortly and the sums raised at the 2010 event will be put to work...Corporate website: Source
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