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.

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