Mon, Dec 5, 2016
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. M&A - AllianzGI to acquire Sound Harbor Partners, SS&C completes acquisition of Wells Fargo's Global Fund Services business[more]

    AllianzGI to acquire Sound Harbor Partners Allianz Global Investors (AllianzGI), an active investment manager, announced that Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, have agreed to join its fast-growing Private Debt Platform. Under the te

  2. Europe - UK investors to pay more tax on money in offshore funds, Do you want to hand your money to super-algo or a Swiss banker?[more]

    UK investors to pay more tax on money in offshore funds From FT.com: Hedge funds in Dublin and Luxembourg are set to be hit by new rules that will force UK investors to pay more tax on the money they hold in offshore funds. As part of the government’s Autumn Statement on the country’s fi

  3. Hunt for yield pushes more investors into riskier assets[more]

    From FT.com: Pension funds and insurance companies have increasingly embraced riskier assets in their hunt for higher returns over the past five years. Alternative assets such as property, infrastructure, private equity and hedge funds have been bought up by institutional investors in a world where

  4. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  5. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan