Opalesque Industry Update: The Ninth Annual Hedge Fund Rocktoberfest – New York City, the annual fundraiser for
children’s charity A Leg To Stand On, is taking place on Thursday, October 11 at 583 Park Avenue in New
York City. Hedge fund managers and hedge fund related industry professionals will perform rock and roll
and acoustic music to raise money for ALTSO, which provides prosthetic limbs and corrective, life-altering
surgeries to children with limb disabilities in developing market countries. On Thursday, October 25
ALTSO is holding a second fundraiser - its first annual Hedge Fund Rocktoberfest- Chicago taking place at
the recently opened City Winery-Chicago. Tickets for both events cost $250 if bought at www.altso.org, or
$300 at the door if space permits.|
“It is hard to believe that it has almost been 10 years since we first started this mission to help give children a chance at a better life,” says ALTSO co-founder and chairman, hedge fund manager C. Mead Welles. “It has been an unbelievable journey. We are so grateful to everyone who has helped, and so proud of all the children we have been able to help.” Today ALTSO has programs in 13 countries throughout Asia, Africa and Latin America and has transformed the lives of more than 8,000 children. In 2011 alone the charity treated more than 1,600 children, and registered nearly 2,000 children this year – bringing their projected total of children treated to 10,000 by December 31 st.
Bands performing in New York this year include The Cause, Flash Crash, Jam Partners and Big Dog Party, with Peter Muller opening the event. Muller, CEO of New York based hedge fund firm PDT Partners, and former head of Process Driven Trading at Morgan Stanley, says "I've been a big fan of ALTSO's work for many years. They make a huge difference in people's lives without spending huge amounts of money. I'm thrilled to be opening this year's event with my band." Greg Dabal, a director in Prime Services with Credit Suisse and co-chair of the music committee in New York, says, “It is a great line up of performers, both on the main stage and in the acoustic room.” The investment bank is a historic sponsor of the event.
“This is our first year holding a fundraiser in Chicago,” says Ray McKenzie, head of sales and marketing at Chicago based futures exchange ICE (InterContinental Exchange), who is spearheading the inaugural Midwest event, and sponsoring the events in both cities. “We have been thrilled by the enthusiasm and the support. It is going to be a terrific night out.” George Hanley, CEO at INTL Hanley, LLC, a risk management advisory firm, says, "I am happy to once again be sponsoring Hedge Fund Rocktoberfest for A Leg To Stand On. We believe this is a great cause and are happy to be able to sponsor the first ever Chicago Rocktoberfest." Jen Justice Band, Deep Cover, The Wrong Boys, Flyte and special guests are scheduled to perform in Chicago.
Sponsors include Credit Suisse, Lyxor Asset Management, CME Group, HedgeMark International, ICE, Keefe, Bruyette & Woods, Seamless, Hanley Foundation, Eagle Seven Trading, X- Change Financial Access (XFA), Cheiron Trading LLC, and more. “We are privileged to have developed a loyal sponsorship base that has been extremely supportive of ALTSO over the years,” says Welles. “We are grateful for their continued support and commitment; we are also extremely grateful to the sponsors who are supporting ALTSO for the first year. It is always humbling when people see the value in the good ALTSO is doing.”
100% of the net proceeds raised will be allocated to ALTSO’s global programs in Asia, Africa and Latin America. Welles, CEO of hedge fund Octagon Asset Management, founded ALTSO along with Dr. Dinesh Patel, Chief of Arthroscopic Surgery at Massachusetts General Hospital and Assistant Clinical Professor of Orthopaedic Surgery at Harvard Medical School, in 2002. For more information on the charity or the events, visit ALTSO’s website at www.altso.org.