Peter Clarke Opalesque Industry Update - Man has made an immediate USD 1 million commitment via its Charitable Trust to relief efforts in Japan. In a response coordinated with its Tokyo office, Man will focus this charitable donation on children impacted by the crisis and has pledged USD 900,000 to Save the Children's Japan Emergency Appeal and USD 100,000 to local children's charities.
Peter Clarke, Chief Executive of Man, comments: “We have all witnessed through TV coverage the scenes of devastation in Japan after the earthquake and tsunami. It is hard to imagine how this feels to those affected. Our long established and close relationship with Japan means that we are naturally very anxious to play our part in joining with local and international efforts to alleviate the huge suffering that has been caused. “Save the Children has been in Japan for 25 years and has a strong local presence there. It is therefore able to respond quickly to the needs of up to 100,000 children who have been displaced, suffered trauma or lost parents as a result of the disaster. We hope that our donation will help rebuild the lives of these children.”
Save the Children's Japan Emergency Appeal has been established to help children overcome the shock and stress that the disaster and devastation have caused. The charity is setting up child friendly spaces which provide a protective environment for children and allow parents time to dedicate to investigating food sources, work, accommodation and locating other friends and family.
Save the Children Executive Justin Forsyth said: “This outstanding donation by Man will allow our team in Japan to deliver specialist care directly to children, who are always the most vulnerable during any emergency. Our child friendly spaces will give children the care they need and a chance to return to a sense of normality after their traumatic experiences.”
Hidehiko Hayashi, Head of Man’s Regional Office in Japan, comments: “We are extremely fortunate that all of our employees and their families are safe but we are acutely aware that hundreds of thousands of people have been left devastated by last week’s events. We will continue to ensure that we are doing all we can to provide support and assistance to Japan as the nation works together to address this massive natural disaster.”
Man has had a long term involvement with Save the Children having donated nearly USD 27,000 between 2003 and 2005 toward the City Appeal and Tsunami Relief efforts. Man also donated over USD 289,000 between 1984 and 2006 to general funds, tsunami relief efforts and the Indonesia earthquake in 2006.
(press release: Source)
Man is a world-leading alternative investment management business. It has expertise in a wide range of liquid investment styles including managed futures, equity, credit, emerging markets, global macro and multi-manager, combined with powerful product structuring, distribution and client service capabilities. Man has USD 68.6 billon of funds under management (as at 31 December 2010).