Hedge Fund Community Tees Off For A Good Cause

Sep 1 2010 | 8:14am ET

Hedge Funds Care announced today that its Third Annual East Coast Golf Tournament was its most successful golf outing ever, raising over $170,000 for the charity's cause—the help prevent and treat child abuse.
 
"With over 30 foursomes participating in this year's tournament, the turn out of the alternative investment community at this event was nothing less than spectacular," said Glen Dailey, managing director, Jefferies & Company.  "The success of this golf tournament speaks to the power of Hedge Funds Care to unite our industry behind a common cause - making a difference in the lives of children."
 
Members of the hedge fund community enjoyed a fast-paced game of golf and a great cocktail party afterwards.  Attendees had the chance to win raffle prizes including a threesome of golf at Bayonne Golf Club, a threesome of golf at Galloway National, threesome at Round Hill Club, a BMW Sedan, a threesome of golf at the Trump National in Bedminster and a twosome at Winged Foot. 

Plans are already underway for an expanded Fourth Annual East Coast Golf Tournament next year which will aim to set yet another record showcasing the philanthropic leadership of the hedge fund industry.
 
Hedge Funds Care is a global non-profit organization, which raises funds and awareness within the alternative investment industry for programs that work to prevent and treat child abuse. The charity generally funds small, community-based organizations, where small grants can have a profound impact. In 2009, Hedge Funds Care awarded over  $2.6 million to 83 organizations. Since inception, Hedge Funds Care has awarded more than 600 grants totaling $23 million.  Hedge Funds Care is largely a volunteer-driven organization, with professionals from the hedge fund industry serving on the board and on local committees that plan events and evaluate grant proposals. The organization has a small staff based in New York City.


In Depth

Steinbrugge: Top 10 Hedge Fund Industry Trends for 2017

Jan 3 2017 | 9:03pm ET

Each year, Agecroft Partners' Don Steinbrugge predicts the top hedge fund industry...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

The U.S. Commodity Futures Trading Commission (CFTC) ordered The Goldman Sachs Group Inc., and Goldman, Sachs & Co. to pay a $120 million penalty for attempted manipulation and false reporting of ISDAFIX Benchmark Rates, a global benchmark for interest rate products.