Hedge Funds Care Fundraiser
Hedge Funds Care Raise $2 Million to Fight Child AbuseHedge Funds Care is a global non-profit devoted to preventing and treating child abuse, financed by hedge fund professionals. This organization raised $2 million for the 12th Annual New York Open Your Heart to the Children Benefit. Although the hedge fund industry receives much criticism, Hedge Funds Care is a great example of many managers' philanthropic giving.
Supporters, sponsors and industry luminaries gathered on February 25 at Cipriani 42nd Street to demonstrate that the hedge fund industry continues its leadership in philanthropic giving.
“Braving a snow storm, more than 1,100 industry leaders joined in support of the vital work of Hedge Funds Care. This ongoing generosity will truly empower New York area programs focused on producing a lasting difference in the lives of our children,” said John Budzyna, president and chairman of Hedge Funds Care.
The co-chairs for the event were Dean Backer, a managing director at Goldman Sachs, and Richard Baker the president of the Managed Funds Association. CNBC anchor and reporter Trish Regan served as master of ceremonies.
Since the first benefit in 1998, Hedge Funds Care has awarded over 600 grants totaling $21 million in the United States and abroad. Source
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