Sun, Dec 11, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Hedge funds care raises $2m at 13th annual New York benefit

Friday, March 04, 2011
Opalesque Industry Update - Hedge Funds Care, an international non-profit organization which raises funds and awareness within the hedge fund industry for programs that work to prevent and treat child abuse, today announced that hedge fund industry participants donated nearly $2 million at the charity’s 13th Annual Hedge Funds Care New York Open Your Heart to the Children Benefit.

The gala, which drew together approximately 1200 leaders in finance, has quickly become the alternative investment industry’s signature charity gala and is also the largest event that Hedge Funds Care holds anywhere in the world. Hedge fund managers and industry participants who attended partook in an elegant cocktail reception, an exclusive single malt scotch tasting and saw the Hedge Funds Care Award for Caring presented to Anthony Scaramucci, Managing Partner of SkyBridge Capital, for his many philanthropic endeavors. During the 5 o’clock hour today Mr. Scaramucci will appear on CNBC’s Fast Money to discuss Hedge Funds Care and his selection as the honoree.

“Last year, in 2010, Hedge Funds Care made a difference in the lives of 37,560 people. In 2011, thanks to the incredible generosity of my colleagues in the alternative investment industry, we will be able to make an even more substantial impact,” said John Budzyna, Chairman of Hedge Funds Care.

“Child abuse is a hidden problem, something that few are willing to address,” added Kathryn Conroy, Executive Director of Hedge Funds Care. “Because of the incredible philanthropy of the hedge fund industry, Hedge Funds Care can provide grants to organizations which prevent child abuse from happening in the first place, and help the children who have been affected to heal.”

Funds from this year’s event will go to for child abuse programs in New York, New Jersey and Connecticut. Aside from the NY Gala, funds for Hedge Funds Care are raised through events in more than 12 cities in the US, the UK, Canada, and Cayman Islands, and granted to community organizations addressing this issue. Hedge Funds Care is the only grant making public charity that focuses exclusively on funding this cause.

Source

(press release)

kb

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Institutions - Texas County & District culls 5 hedge funds, reallocates to existing managers, Kentucky board gives final approval to halve hedge fund portfolio, $38bn Finnish fund moves assets to U.S. as Europe flounders, South Korea’s National Pension Fund holds 5% stake in 62 listed companies[more]

    Texas County & District culls 5 hedge funds, reallocates to existing managers Texas County & District Retirement System, Austin, continues to reduce the number of hedge funds, but not the size of its $6.2 billion hedge fund portfolio. It will redeem a total of $760 million from five hedg

  2. Opalesque Roundtable: Australian family offices search for good risk adjusted returns, happy to pay for skill[more]

    Komfie Manalo, Opalesque Asia: Australian family offices want foremost good risk adjusted returns, and they are happy to pay for the skill, and in some cases, the limited capacity of an active manager. Jonas Daly, Head of Distribution at B

  3. StepStone announces close of Swiss Capital acquisition[more]

    StepStone Group LP announced it has successfully closed the acquisition of Swiss Capital Alternative Investments AG, one of the leading private debt and hedge fund solutions providers in Europe. The transaction was originally announced in May 2016, and has been in the process of receiving regulatory

  4. Investing - Stephen Cohen investing $275m in free clinics treating veterans' mental health issues, California Resources loses favor with hedge funds[more]

    Stephen Cohen investing $275m in free clinics treating veterans' mental health issues From Healthcarefinancenews.com: …Now, a new chain of free mental health clinics for vets has opened in five cities across the United States to fill the gap. The much-needed new treatment is underwritten

  5. Hedge funds flat in last week of November 'in sympathy with markets’[more]

    Komfie Manalo, Opalesque Asia: Hedge funds were close to flat in the last week of November in sympathy with markets, which took a pause ahead of the OPEC meeting and Italian referendum. The Lyxor Hedge Fund Index was -0.1% as of end November 29 (-1.7% YTD), according to the latest