Friday, 1 August 2014
Last updated 2 hours ago
Oct 28 2013 | 1:46pm ET
The 2013 iteration of Rocktoberfest, one of the most unusual fundraising events on the hedge fund industry calendar, has raised $400,000 for the A Leg To Stand On charity.
Finance industry professionals from the Tri-State area gathered in New York to play rock and roll and acoustic music to raise funds for ALTSO, which offers treatment to children who have lost their limbs in traumatic accidents or suffer from congenital disabilities. All net proceeds raised at Hedge Fund Rocktoberfest are allocated to ALTSO's life-changing programs in Africa, Asia and Latin America.
“I feel quite privileged and honored that the record number of over 1,400 hedge fund industry and finance professionals from the Tri-State area came together to celebrate the 10-Year Anniversary of ALTSO’s Hedge Fund Rocktoberfest in New York City, and more importantly, support ALTSO's vital mission,” said hedge fund manager and ALTSO co-founder C. Mead Welles.
“Our work to continue empowering children with limb disabilities in developing countries would not be possible without the support of our generous sponsors, countless volunteers and attendees that unite the financial community to create a memorable evening that showcases talent of hedge fund managers, but also their commitment to making a lifelong difference for these youth.”
Welles founded ALTSO along with Dr. Dinesh Patel, chief of arthroscopic surgery at Massachusetts General Hospital and assistant clinical professor of orthopedic surgery at Harvard Medical School, in 2002.