Hedge Funds

Industry gives $24m at Robin Hood dinner


The record capital inflows and high returns racked up by the hedge fund industry over the last year have produced a boon for the Robin Hood Foundation. The charity founded by Paul Tudor Jones to fight poverty in New York City raised more than $24 million at its annual dinner on June 1 - far more than last year's record haul of $16.7 million.

The event at New York's Jacob K. Javits Convention Center also drew a record attendance. About 3,600 of the hedge fund industry's most well-heeled players and their guests purchased seats, as compared to last