Hedge Fund Fight Night

Hedge Fund Fight Night for Charity Held in Hong Kong

Hedge fund managers compete against each other all the time but rarely does it come to actual blows. Then, there's Hedge Fund Fight Night. Yes, it's that time of year again when hedge fund managers and professionals get together in Hong Kong to fight, with all the proceeds going to charity.

An estimated 800 hedge fund professionals will be in the audience October 29th to watch 12 of their colleagues battle in the ring for three, 2 minute rounds. The professionals will also bid on holiday packages benefiting Operation Smile and Operation Breakthrough. The goal of the event is to raise almost $130,000 to "repair children’s facial deformities and combat crime and juvenile delinquency in low-income and immigrant communities."

Tables for 12 cost between HK$18,000 and HK$50,000, and pay for training the fighters and hosting the event, said Robert Derry, IronMonger’s managing director, in an interview. A medical team will be on standby during the bouts.

Aside from Descourtieux, Bruce “Almighty” French of UBS AG, Steve “Dynamite” Davidson from JPMorgan Chase & Co. and Jesse “Happy Feet” Kavanagh of Nomura Holdings Inc. will also fight in the finals. John “Headcount Reduction” Crane of 3A Asia Ltd., a fund of funds, is the oldest fighter at 49.

Boxing and other martial arts are gaining popularity among Hong Kong’s professionals, especially in industries such as trading which thrive on risk, reward endurance and punish mistakes with brutal blows, according to Andrew Wong Kee, managing director at Jab. Wong Kee says the number of Jab’s students have risen 20 percent since September 2008 as more professionals signed up to beat stress. Read full article

Read about last year's Hedge Fund Fight Night

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