Hedge Fund Charity Raises US$22.8 Million

May 14 2012 | 12:54pm ET

One of the industry's glitziest and most prominent charities raised £14.2 million (US$22.8 million) at its annual fundraiser in London.

Absolute Return for Kids, better known as Ark, lauded the return as an "extraordinary show of generosity at any time, but especially so given the challenges of fundraising in this climate." Last year's shindig netted £17.2 million, and Ark says it has raised £170 million over the past decade.

This year's event at London's Kensington Palace was perhaps not quite as star-studded as last year's, which was one of the first public appearances for Prince William and his then-new bride, Kate Middleton, the Duchess of Cambridge. But it did feature royalty, in the form of William's cousin, Princess Beatrice. And it also featured a newly-married couple in one of their first public outings: Wall Street: Money Never Sleeps actress Carey Mulligan and her husband Marcus Mumford of the band Mumford & Sons, who married last month.

Also at the gala were London Mayor Boris Johnson's sister Rachel and Olympic gold medalist Denise Lewis.


In Depth

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

 

From the current issue of

Business Insider has been reporting on the unusual trading activity of a mystery trader who placed a profitable short equity bet to the tune of $21 million on the Aug. 10 move in the CBOE Volatility Index (VIX).