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Paul Roth Bailey McCann, Opalesque New York:
The 15th Annual New York Open Your Heart to the Children Benefit for Hedge Funds Care took place on Thursday at Cipriani 42nd Street, in Manhattan. The annual benefit is organized by Hedge Funds Care, an international non-profit organization that raises funds from the hedge fund industry to help prevent child abuse and treat its victims in cases where prevention proves impossible. The event raised nearly $2 million from fundraising, event ticket sales, and a silent auction held during the benefit.
"We had several good weeks of fundraising leading up to the event, people have been generous," said Dean Backer, President of Hedge Funds Care, and Global Head of Sales and Capital Introduction in the Global Securities Services business at Goldman Sachs, speaking with Opalesque.
The organization also gave a life time achievement award to Paul Roth, Founding Partner of Schulte Roth & Zabel LLP, for his commitment to philanthropy and is work with the hedge funds industry. The proceeds from the event will fund programs in New York, New Jersey, and Connecticut.
The organization itself is also expanding, and now has chapters in 11 cities, primarily around financial centers. "We most recently opened in Dublin," said Dr. Kathryn Conroy, Executive Director and CEO, Hedge Funds Care. "We are starting small there but are working to have the same level of support that we see here in New York."
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