Hurricane Benefit Concert Raises $30M For Hedge Fund Founder's Charity

Dec 13 2012 | 11:45am ET

Last night's star-studded benefit concert for victims of Hurricane Sandy may not seem to have much to do with hedge funds. But the more than $30 million it raised will be distributed through a charity founded by Tudor Investment Corp. founder Paul Tudor Jones.

"Every single penny" raised "will go directly to the Robin Hood Relief Fund," David Saltzman, head of the Robin Hood Foundation, said. Jones founded Robin Hood, which usually focuses on homelessness and education in the Big Apple, more than 20 years ago.

The six-hour concert, beamed to the televisions of nearly two billion people, featured an astonishing array of legendary musicians, including Bon Jovi, Eric Clapton, Billy Joel, Alicia Keys, Coldplay's Chris Martin, the Rolling Stones, Bruce Springsteen, R.E.M.'s Michael Stipe, Kanye West and The Who. There was also a Nirvana reunion of sorts, with Paul McCartney filling in for the late Kurt Cobain.

The Madison Square Garden stage and its attendant celebrity phone-banks were also star-studded, with the likes of Steve Buscemi, Chelsea Clinton, Stephen Colbert, Billy Crystal, Jimmy Fallon, Jesse Jackson, Chris Rock, Adam Sandler, Kristin Stewart, Martha Stewart and Amar'e Stoudemire manning the phones, making pleas for donations or introducing rock stars.


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

Why Is The Shipping Industry Underwater?

Jul 31 2014 | 7:31am ET

Anyone who’s taken a look at the global shipping industry recently probably knows...

 

Publisher's Note