Hedge Funds Care Raises $1.5 Million To Benefit Children

Mar 10 2015 | 4:44pm ET

Hedge Funds Care, an international charity dedicated to funding programs focused on preventing and treating child abuse, raised over $1.5 million at its 17th Annual New York Open Your Heart to the Children Benefit last Thursday evening at Cipriani.

The gala brought together nearly 600 senior executives from some of the most prominent hedge funds including Ellington Management, Marathon Asset Management, York Capital Management, Two Sigma and many more. While attendees mingled over cocktails and hors d'oeuvres, participated in the silent auction, and enjoyed music, the Honorable Georgette Mosbacher, CEO & President of Borghese, Inc., was presented with the Founder’s Award given in recognition of her efforts spearheading the Manhattan Children’s Advocacy Center, now known as The New York Center for Children, a privately financed, tax-exempt charity dedicated to assisting abused children and their families.

Dean Backer and Georgette MosbacherDean Backer and Georgette Mosbacher
“The statistics are truly astonishing. In the US, one in four girls and one in six boys is sexually abused by age 18, and further, there are 3.3 million reported incidents annually involving as many as six million children,” said Dr. Kathryn Conroy, Executive Director and CEO, HFC. “Child abuse and neglect is a hidden problem, happening usually behind closed doors, and the hedge fund industry continues to give kindly in support of programs that can make a lasting difference for children.” 
“I am truly honored to be the recipient of the HFC Founder’s Award,” said Georgette Mosbacher. “I am dedicated to helping protect the most vulnerable among us, children, and to working to break the cycle of abuse that has impacted so many families in the Tri-State area and beyond. HFC’s efforts continue to have a positive impact and I am proud to be able to contribute to this organization’s vital work.”
“This is a special evening that united hundreds of like-minded philanthropic financial executives, including hedge fund managers, investors and industry professionals, for a shared purpose: to help prevent and treat child abuse,” said Dean Backer, President of HFC and Global Head of Sales and Capital Introduction in the Global Securities Services group at Goldman Sachs. “I can't thank the hedge fund community enough for its generous support of important programs that work every day to protect children.”
The evening's sponsors included Ernst & Young; KPMG; PricewaterhouseCoopers; BDO; Deloitte; Goldman Sachs; Citco Fund Services; UBS; Advent; GlobeTax; J.P. Morgan; ACA Compliance Group; ALPS; BNP Paribas; CME Group; Credit Suisse; Eze Castle Integration; HSBC; Katten; Maples; Marcum; McGladrey; Mitsubishi UFJ Fund Services; Morgan Stanley; Northern Trust; Seward & Kissel; Sidley Austin; State Street; and SS&C GlobeOp.
Co-chairs for this year's gala were Gerry Polizzi, Managing Director at UBS, Asli Ay, Managing Partner at US Policy Metrics, and Steven Nadel, Partner at Seward & Kissel.
Help For Children (“HFC”), also known as Hedge Funds Care, is an international charity dedicated to funding programs focused on preventing and treating child abuse. Since its inception in 1998, HFC has awarded over 1,100 grants totaling more than $41 million. HFC is the only grant making public charity that focuses exclusively on funding this cause. Funds for HFC are raised through events in more than 11 cities in the US, UK, Canada, Ireland, Hong Kong and the Cayman Islands, and are granted to community organizations addressing child abuse. HFC has occasionally singled out prominent individuals for their outstanding charitable support. Event honorees have included Bruce Richards, CEO of Marathon Asset Management, Michael Vranos, CEO of Ellington Management, Kenneth Tropin, Chairman of Graham Capital Management, and Michael Novogratz, President of Fortress Investment Group. Previous Founders Award recipients include Lee Daniels, director of “Precious”,  Sen. Scott Brown, author of “Against All Odds”, his own gripping biography of abuse, and former New York Yankees Manager Joe Torre whose own foundation addresses child abuse and domestic violence.

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