Mon, Mar 2, 2015
A A A
Welcome Guest
Free Trial RSS
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   |   
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. Investing - Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched, Myriad hedge fund sold bulk of its Alibaba stake last year[more]

    Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched From Valuewalk.com: As hedge fund manager Seth Klarman, leader of the $28 billion Baupost Group, reviews 2014 performance and considers investors gained near 7 percent on the year, he cons

  2. Adamas Asset Management and Ping An Insurance to co-manage $500m debt fund[more]

    Komfie Manalo, Opalesque Asia: Hong Kong-based Adamas Asset Management and Ping An Insurance Group, one of China’s largest financial institutions, have finalized a memorandum of und

  3. Opalesque Exclusive: dbSelect’s top ten FX strategies average almost 10% in January[more]

    Benedicte Gravrand, Opalesque Geneva: In one of Deutsche Asset & Wealth Management (AWM)’s hedge fund platforms, called dbSelect, a number of FX Strategies did very well in January. dbSelect is a managed investment platform for unf

  4. Opalesque Exclusive: SEC’s Mark J. Flannery warns hedge funds against valuation misconduct[more]

    Komfie Manalo, Opalesque Asia: Securities and Exchange Commission chief economist and director of Division of Economic and Risk Analysis (DERA) Mark J. Flannery has warned of the risks posed by market misconduct, particularly in the true valuation of assets by hedge fund managers. In his

  5. Dymon Asia's $3bn macro hedge fund lost 10.45% in January[more]

    From Reuters.com: Dymon Asia's $3.1 billion macro hedge fund lost 10.45 percent in January, performance data seen by Reuters showed, a month where many peers lost heavily after a surprise rise in the Swiss franc. Singapore-based Dymon, set up by Danny Yong, a former founding partner and chie