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.