Friday, 1 July 2016
Last updated 18 min ago
Mar 4 2011 | 8:09am ET
A group of New York hedge fund and private equity managers are on their way to a city court—the basketball court at NYU’s Coles Sports Center.
The executives will battle it out in the Hedge Fund Vs. Private Equity All-Star Game that kicks off the 13th annual Net Gains Basketball Tournament in support of Youth, Improving Nonprofits for Children.
Suiting up for the hedge fund side will be Simeon Etta (GoldenTree Asset Management), Jay McCareins (Weiss Multi-Strategy), Ben Parks (MKP Capital), Eric Seeve (GoldenTree Asset Management), Michael Tobin (P. Schoenfeld Asset Management) and Kyle Westby (MKP Capital).
They’ll take on a private equity squad made up of Rob Berner; Ron Blaylock (GenNx360), Mel Ike (TPG Capital), Stratton Heath (Oak Hill), Garry Munson (Whitney Capital), Rick Schifter (TPG Capital), Rick Schnall (CD&R), Ted Virtue (MidOcean), Bret Wallace (TPG Capital) and Larry Zimmerman (Piper Jaffray).
The hedge fund vs. private equity game will kick off the 20-team round-robin tournament that will involve corporate sponsors, high school students, and New York Knicks legends Mel Davis, Cal Ramsey, Charles Smith, John Starks and John Wallace.
Veteran correspondent Tim Minton will serve as emcee for the tournament which takes place on Thursday, March 10 from 5:00-10:00PM (tip-off at 5:30PM) at the Coles Sports Center of New York University, 181 Mercer Street (between West Houston and Bleecker Streets).
The annual tournament has raised over $4 million for Youth, I.N.C., which uses a unique venture philanthropy model to empower, develop and educate nonprofit organizations serving young people. Youth, I.N.C. guides grassroots organizations toward long-term sustainability and, since inception, has raised $37 million for youth, empowered over 88 nonprofits, and touched the lives of nearly 600,000 young people.