New York (HedgeCo.Net) – About 150 hedge fund professionals turned up for the Hedge Funds Care “Behind the Hedges” cocktail party in the Hamptons last weekend.
The event raised more than $60,000 for the charity, which gives grants to nonprofits that prevent and treat child abuse. Silent-auction items raised $10,000 of the total.
“Based on tonight’s experience I would say this is going to be the first of many Hamptons events.” Hedge Funds Care founder Rob Davis said. The event was organized by the charity’s NYC Young Professionals Committee.
Hedge Funds Care distributed almost $2.7 million in 2009 and $3.3 million in 2010. In 2011, HFC distributed $3.77 million, the most amount in grants since its inception.
Alex Akesson
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