Hedge Funds Care's 15th annual New York Open Your Heart to the
Children benefit last night raised nearly $2 million to support
child abuse prevention and treatment programs in New York, New
Jersey and Connecticut.
scene last night at Cipriani (Photo: Josh Wong
The gala, held at Cipriani 42nd Street in New York City, was
supported and attended by employees of D. E. Shaw & Co.,
Elliott Management, Moore Capital Management, Renaissance
Technologies, SAC Capital Advisors, Tudor Investment
Corporation, Kingdon Capital Management and other hedge fund
firms. An estimated 1,000 people attended, most of them from
such hedge fund service providers as Deloitte, Greentech
Capital Advisors, J.P. Morgan, KPMG, Press Management and Wells
Paul Roth, founding partner of law firm Schulte Roth &
Zabel, received the group's Lifetime Achievement Award. Other
speakers were Paul Germain, Credit Suisse's global head of
coverage for prime services, and Dean Backer, Goldman Sachs'
global head of sales and capital Introduction. Backer is also
president of the Hedge Funds Care board of directors.
The event featured a charity auction. Items included tickets
to see The Daily Show and David Letterman; a stay in the
Breakers Hotel in Palm Beach, Fla.; dining at Per Se, Le
Bernardin, ABC Kitchen, and Del Posto; and Yankees, Mets, Jets,
and Giants tickets.
Hedge Funds Care is an international charity supported
largely by the hedge fund industry. Its mission is to prevent
and treat child abuse with the dual goals of raising as much
money as possible to fund its programs and to showcase the
philanthropy of hedge funds, according to the nonprofit's website.
Since its inception in 1998, Hedge Funds Care has awarded more
than 930 grants totaling more than $33 million.