Hedge Funds

Hedge Fund Care raises $85k at summer fundraiser

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Industry charity Hedge Funds Care's NY Junior Committee of Hearts raised approximately $85,000 at its Summer Soiree event, held this week at New York nightclub Marquee. After expenses, the group raised about $64,000, which will be used to create a full scholarship to send a foster child to college.

The event drew about 350 attendees from the hedge fund industry, including managers, investors and prime brokers. Organizers raffled items including tickets to New York Yankees games and jewelry. The group's next event will be held in the fall.

Founded in 1998, Hedge Funds Care has raised $14.5 million for community-based