Millennium’s Ali Leads Pakistan Fundraising Efforts

Aug 27 2010 | 10:04am ET

With his home region in Pakistan inundated by flooding, newly-minted Millennium Capital Partners hedge fund manager Iftikhar Ali has flown into action, raising money for the more than 20 million victims.

Ali, who joined Millennium’s London arm in May from James Caird Asset Management, hopes to raise £100,000 to aid flood victims. Ali himself, along with Tullett Prebon’s Ivor O’Toole, Citigroup’s Abid Hussain and Nomura’s Shahzad Amir, will travel to the affected areas of northern Pakistan in October to help distribute supplies and build shelters. It is estimated that about 1 million homes have been destroyed since the flooding began more than a month ago.

“The response for the City has been overwhelming,” Ali told Financial News, for which he is writing a blog chronicling his efforts. “Given all the bad press surrounding the financial crisis and bankers’ bonuses this is a great advert for the City community and shows it giving something back.”

The flooding has killed about 2,000 people and caused as some US$7 billion in damage.


In Depth

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note