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Hedge fund industry raises $1.5 million to prevent and treat child abuse

Wednesday, March 23, 2016
Opalesque Industry Update - Help For Children (HFC), one of the most globally renowned charitable organizations associated with the hedge fund industry, raised $1.5 million at its 18th Annual Hedge Funds Care New York Benefit on March 10th, with all proceeds benefiting programs to prevent and treat child abuse. The gala, hosted for the first time at the iconic New York Public Library, attracted over 550 senior executives from some of the world’s most prominent hedge fund firms, leading investors and top industry luminaries. During the special evening HFC honored recently retired Ernst & Young senior partner and former Head of EY’s hedge fund practice, Don MacNeal, for his strong commitment and support of the HFC mission.

“This annual HFC benefit, one of the industry’s premier charity events, united hundreds of philanthropic executives, including hedge fund managers, investors and industry professionals, to help prevent and treat child abuse,” said Dean Backer, President of HFC and Global Head of Sales and Capital Introduction in the Global Securities Services group at Goldman Sachs. “I can't thank the hedge fund and finance community enough for its generous support of these important programs that work every day to protect children.”

“Funds from this year’s gala will empower child abuse treatment and prevention programs in the New York metropolitan area,” said Renee Skolaski, Executive Director & CEO of Help For Children. “We are very grateful to the hundreds of attendees, our wonderful sponsors, and many volunteers for once again joining forces to support our mission.”

Co-chairs for this year's gala were Bruce Berger, Joseph Fisher, Cindy Gavin and Jay Peller.

Help For Children (HFC), established in 1998 as Hedge Funds Care, is a global foundation supported by the alternative investment industry. Its sole mission is to support efforts to prevent and treat child abuse. Help For Children raises money and awards grants in 12 major cities in the United States, Asia, Canada, the Cayman Islands, Ireland and the United Kingdom. HFC is largely a volunteer-driven organization with professionals from the hedge fund and private equity industries serving on the Board and on local committees that plan events and evaluate proposals.

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