Sun, Oct 22, 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. Regulatory - David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge, Carried interest tax: How much does it matter?, Odey sees 'terrifying' mix in MiFID, tapering, asset values, Hedge funds come together to share cost of MiFID and research, SEC turns up the heat on U.S. investment advisers, India's Sebi asks hedge funds to report investments in commodity derivatives[more]

    David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge From CNBC.com: David Stockman is warning about the Trump administration's tax overhaul plan, Federal Reserve policy, saying they could play into a severe stock market sell-off. Stockman, the R

  2. North America - Puerto Rico rejects loan offers, accusing hedge funds of trying to profit off hurricanes[more]

    From TheIintercept.com: Puerto Rico has rejected a bondholder group's offer to issue the territory additional debt as a response to the devastation of Hurricane Maria. Officials with Puerto Rico's Fiscal Agency and Financial Advisory Authority said the offer was "not viable" and would harm the islan

  3. Investing - WPP targeted by short-selling American hedge fund, Sun co-founder sells secretive hedge fund on big chip trade[more]

    WPP targeted by short-selling American hedge fund From Cityam.com: An American hedge fund has mounted a bet against WPP, the world's largest advertising group, with a trade worth almost £90m. Lone Pine Capital has built a short position worth 0.51 per cent of the FTSE 100 company,

  4. Hedge funds up as industry adjusts to rising rates[more]

    Komfie Manalo, Opalesque Asia: Hedge funds have reshuffled their portfolio after nearly four weeks of rising rates as the Lyxor Hedge Fund Index was up +0.2% from 19 September to 26 (+1.1% YTD), fuelled by strong results of global macro funds, Lyxor Ass

  5. Manager Profile - How the world's hedge fund king used 'idea meritocracy' to become a billionaire[more]

    From Forbes.com: In 1982, Ray Dalio made what he calls the biggest mistake of his life. He made a bet that there would be an economic collapse stemming from a debt crisis. And he was wrong. He lost money. He lost his client's money. He had to let people go from his firm and borrow money from his dad