Thu, Jul 16, 2026
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Industry Updates

Hedge fund industry raises nearly $2m to prevent and treat child abuse

Tuesday, March 11, 2014
Opalesque Industry Update - Hedge Funds Care/Help For Children (HFC), one of the most globally recognized charities backed by the hedge fund industry whose proceeds support non-profits focused on preventing and treating child abuse, raised nearly $2 million at its 16th Annual New York Open Your Heart to the Children Benefit last Thursday evening at Cipriani on 42nd Street.

The gala brought together close to 1000 senior executives from some of the most prominent hedge fund managers including Marathon Asset Management, Angelo Gordon, Glenview Capital, Paloma Partners, Woodbine Capital, Samlyn Capital, Pershing Square Capital Management and many more. While attendees networked over cocktails and hors d'oeuvres, participated in the silent auction, and enjoyed the live entertainment, Marathon Asset Management CEO Bruce Richards was presented with the Award for Caring by former New York Yankees Manager and prior HFC Honoree Joe Torre.

“I am honored to be the recipient of Hedge Funds Care’s ‘Award for Caring,’ and for Joe Torre who enters the Hall of Fame this summer to personally have presented this to me, made this a particularly special evening,” Richards said. “Hedge Funds Care has done great work to positively impact the lives of so many children worldwide and I am proud to be able to contribute to the organization’s amazing work.”

“This is an evening that showcases so many hedge fund executives who all come together for one common cause: to prevent and treat child abuse,” said Dean Backer, President of HFC and Global Head of Sales and Capital Introductions in the Global Securities Services group at Goldman Sachs. “I can't thank the hedge fund industry enough for all the help toward reaching our fundraising goal.”

“The statistics of child abuse are astonishing: in the US, one in four girls and one in six boys is sexually abused by age 18, and further, there are 3.3 million reported incidents annually involving as many as six million children,” said Kathryn Conroy, Executive Director and CEO, HFC. “If it weren't for the hedge fund industry's support, we wouldn't be able to fund so many programs and work toward our mission of preventing and treating child abuse.”

The evening's sponsors included Ernst & Young; KPMG; PricewaterhouseCoopers; BDO; Goldman Sachs; Deloitte; Rothstein Kass; Citco Fund Services; UBS; J.P. Morgan; Marathon Asset Management; Ellington Management Group; SAC Capital Advisors; Atlantic Investment Management; CACEIS Investor Services; Elliott Management; Fried Frank; Paloma Partners; Panning Capital Management; Pershing Square Capital Management; and Schulte, Roth & Zabel.

km

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: Nvidia extraordinary growth and the challenge of sustaining demanding valuations over time[more]

    Antonio Di Giacomo, Senior Market Analyst at XS.com, writes: Nvidia has established itself as one of the most extraordinary growth companies in the global technology sector. Over the past two fiscal years, its revenues have risen from levels close to $60 billion annually to well above $120 billi

  2. Secondaries take center stage: What the 2026 PE landscape means for GPs and investors[more]

    Matthias Knab, Opalesque for New Managers: The 2026 edition of Dechert's Global Private Equity Outlook - "Signs of a Gradual Thaw" - marks a notable shift in industry sentiment. After years of compr

  3. And, finally: Time to share it with the people[more]

    From Newsoftheweird: Leavenworth, Washington, has become a tourist destination because of the Bavarian theme businesses have adopted there, NPR reported. One shop, the Leavenworth Nutcracker Museum, houses the world's largest nutcracker collection, thanks to 101-year-old Arlene Wagner. Wagner sta

  4. Opalesque Exclusive: Private Markets Evergreen Funds - An Insider's View[more]

    Matthias Knab, Opalesque for New Managers: Private Markets Evergreen Funds: What Investors Need to Know Before They Dive In The democratization of private markets is well underway. Structural barriers t

  5. Opalesque Exclusive: Governance, Scale, and Boutique Resilience in a Consolidating Hedge Fund Industry[more]

    Matthias Knab, Opalesque for New Managers: The hedge fund industry has undergone significant consolidation in recent years, with capital increasingly concentrated among large multi-strategy platforms. Yet boutique m