Hedge Funds Care gala raises nearly $2M to fight child abuse

By Lawrence Delevingne

Fri Mar 8, 2013

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The Open Your Heart to the Children benefit was supported by Elliott, D.E. Shaw, Renaissance, SAC and more.

   The scene last night at Cipriani (Photo: Josh Wong Photography)
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.

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 Fargo.

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.

ISSN: 2151-1845 / CDC10004H

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