Hedge Funds

ARK: heart-shaped absolute return


Absolute Return for Kids applies the business precepts of hedge funds to a wide-ranging programme of charitable schemes to benefit disadvantaged children

Kevin Gundle in Zambia, January 2012
The gala dinner and ball hosted by hedge fund-backed charity Absolute Return for Kids (ARK) has become one of the highlights of the London social calendar. Each year, a flock of international celebrities ensures maximum publicity for the event, which raises millions of pounds for disadvantaged children. Donors are famously generous; this year ARK raised an impressive £14.5 million (with match funding), equivalent to $22.8 million.

But the real story is what happens away from the black ties and bright lights.

ARK’s unusual approach is to back up its