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

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of