Thu, Apr 17, 2014
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   |   
Banner
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. Opalesque Exclusive: European stock-picking fund up 19% YTD, bets on small caps’ high cash level[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Here is a European long/short equity fund that has been beating the odds since its 2008 inception by employing its own investment model, frequent company visits

  2. CTAs could face new challenges in a rising rates environment[more]

    Bailey McCann, Opalesque New York: CTAs have taken a beating performance wise lately, and asset flows reports show that investors aren't sticking around to see how the movie ends. Now, a new white paper from Roy Niederhoffer and Coen Weddepohl notes that as interest rates start to tick back u

  3. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  4. Commodities – Popular value fund manager David Iben bets on Russia, gold,[more]

    From Reuters.com: With large bets on Russia and North American gold miners, one of the best performing stock pickers in the wake of the 2008 financial crisis is back with a new fund that reflects his deep aversion to following the crowd. In the Kopernik Global All-Cap Fund, David Iben is follo

  5. Opalesque Exclusive: Pensions, endowments, family offices reconsider life settlement investments[more]

    Bailey McCann, Opalesque New York: Hedge funds were once the largest investors in the life settlement industry, now the industry is seeing more interest from pensions, endowments and family offices directly. Life settlements have always been considered a niche part of the investing landscape, an