Friday, 26 August 2016
Last updated 1 hour ago
Aug 14 2013 | 2:03pm ET
Hedge Fund Rocktoberfest, the annual fundraiser for the children's charity A Leg To Stand On, celebrates its 10th anniversary this fall in New York.
The milestone will be marked on Wednesday, October 23 at Capitale on 130 Bowery and will feature industry professionals performing rock and roll and acoustic music to raise money for ALTSO, which provides prosthetic limbs and corrective, life-altering surgeries to children with limb disabilities in emerging market countries.
On Thursday, October 3, ALTSO is also holding its second annual Rocktoberfest-Chicago at Crossroads at House of Blues at 329 N. Dearborn, Chicago.
"I can't believe it has been 10 years since Hedge Fund Rocktoberfest began in New York City, and that the event has grown to two cities," said managing partner of Infineon Capital Management and ALTSO co-founder/chairman C. Mead Welles. "I am so grateful for the support from the hedge fund industry in changing the lives of nearly 10,000 children who might not have otherwise had another chance at life.”
Today ALTSO operates 11 programs in 10 countries throughout Asia, Africa and Latin America. In 2012 alone, the charity treated more than 1,400 children and has registered over 1,700 for treatment this year.
"I want to thank the New York City hedge fund industry for their generous contributions and time the last decade working towards ALTSO's goal of transforming the lives of almost 10,000 children," said André Donatiu of Lyxor Asset Management, a historic sponsor of the event. "A Leg To Stand On has come a long way in 10 years but there is still more work to be done to empower disabled children in developing countries. Our firm is proud to sponsor a great cause.”
"I am excited to unite Chicago's futures industry for the second annual Rocktoberfest," said Ray McKenzie of IntercontinentalExchange, head of the Rocktoberfest-Chicago committee. "I am thankful for the support from the Midwest financial services industry professionals for ALTSO and its ongoing goal of changing the lives of children in developed countries.”
In addition to IntercontinentalExchange, Infineon and Lyxor, sponsors include Yahoo! Finance, CME Group, HedgeMark International, Credit Suisse, JP Morgan, X-Change Financial Access, Chicago Board Options Exchange, Drury Capital, Russell Indexes, Cheiron Trading, Eurex and Virtu Financial, amongst others.
100% of the net proceeds raised will be allocated to ALTSO's global programs. Welles founded ALTSO along with Dr. Dinesh Patel, Chief of Arthroscopic Surgery at Massachusetts General Hospital.