Fri, Feb 24, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Hedge Funds Care's 12th Annual New York Benefit gathered 1,100 hedge funders and raised $2m

Thursday, March 04, 2010
Opalesque Industry Update - Hedge fund industry demonstrates commitment to preventing and treating child abuse and neglect in New York City, Westchester, Connecticut and New Jersey

Hedge Funds Care 12th Annual New York Benefit gathered over 1,100 hedge fund investors, service providers and investment managers and raised over $2 million for carefully screened programs that prevent children from being abused and treat those who have already been abused.

Hedge Funds Care, a global non-profit organization which raises funds and awareness within the hedge fund industry for programs that prevent and treat child abuse, announced today that its 12th Annual New York Open Your Heart to the Children Benefit raised over $2 million. Supporters, sponsors and industry luminaries gathered on February 25th, 2010 at Cipriani 42nd Street to demonstrate that the hedge fund industry continues its leadership in philanthropic giving.

The Co-chairs for the event were Dean C. Backer, Managing Director, Goldman Sachs and Richard H. Baker, President, Managed Funds Association. CNBC anchor and reporter Trish Regan served as master of ceremonies. The event featured a gala cocktail reception and the presentation of the Hedge Funds Care Award for Caring to Liya Kebede, for her efforts to improve health conditions for women and children around the world, and Michael E. Novogratz, President of Fortress Investment Group, for his corporate and philanthropic leadership. Lee Daniels, Director of the film, Precious: Based on the Novel Push by Sapphire, received the Hedge Funds Care Founder's Award.

"Braving a snow storm, more than 1,100 industry leaders joined in support of the vital work of Hedge Funds Care. This ongoing generosity will truly empower New York area programs focused on producing a lasting difference in the lives of our children," stated John M. Budzyna, President and Chairman of Hedge Funds Care.

Since the first benefit in 1998, Hedge Funds Care has awarded over 600 grants totaling $21 million in the United States and abroad. In 2009. the New York benefit raised $1.3 million, which supported 30 organizations that address child abuse in the tri-state area. Due to the economic downturn, many more organizations are in need of funding for their vital services. The success of the New York Benefit means that Hedge Funds Care is in a position to provide increased support in 2010.

Hedge Funds Care is an international charity whose sole mission is preventing and treating child abuse. This mission is accomplished by raising money and awarding grants in 11 major cities in the United States, Canada, the Cayman Islands, and the United Kingdom. Hedge Funds Care awards grants to organizations that prevent child abuse through education, research, and advocacy, or that treat abused children. SBlaker@HedgeFundsCare.org


Bg

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. Opalesque Exclusive: Swiss investors take fund seeding and acceleration into their own hands[more]

    Benedicte Gravrand, Opalesque Geneva: Banque Bonhote, a 200-year old Swiss private bank, last year launched a community of investors - heads of Swiss family and advisory offices and wealth managers - with the aim of co-investing in the kind of managers they wanted to invest in, either by way of s

  2. K2 Advisors : Why We Like Activist Hedge Fund Strategies and Some Thoughts on Alpha[more]

    Matthias Knab, Opalesque: Rob Christian, Senior Managing Director, Head of Research K2 Advisors, Franklin Templeton Solutions, writes on Harvest Exchange: When d

  3. Ex-Navy SEAL backed by Mario Gabelli, Jean-Marie Eveillard and other value giants off to strong start[more]

    From Valuewalk.com: Sententia Capital Management is not your average value focused hedge fund. The fund was founded by Michael Zapata, a former Navy Seal Team 6 Officer and has attracted funding from some of the best-known names in the value space. Mario Gabelli, Jean-Marie Eveillard from First Eagl

  4. Europe - 1 trillion euro non-performing loans are clogging EU lending channels[more]

    From Centralbanking.com: As much as 1 trillion euro of non-performing loans (NPLs) are still clogging the lending channel in the European Union. An EU asset management company (AMC) could address market failures in the secondary market for NPLs as part of a suite of measures designed to tackle the b

  5. Investing - Hedge funds' novel approach: investing for longer at lower returns, U.S. hedge fund Delta Partners lifts stake in Bellamy's, Hedge funds stockpile cobalt, electric carmakers on battery alert, Facebook is racking up the likes among the world's biggest hedge funds, Einhorn affirms gold on Trump uncertainty[more]

    Hedge funds' novel approach: investing for longer at lower returns From FNLondon.com: Hedge funds are known for making short-term bets, dipping quickly in and out of markets to take advantage of swings in prices. But, under pressure to innovate, some big-name managers are looking at ways