Bloomberg – The annual Hedge Funds Care benefit – – backed by Kenneth Tropin and Michael Vranos — will downsize from a black-tie dinner to a cocktail party tomorrow night in New York.
The nonprofit, which aids child-abuse prevention programs, is hoping a laidback atmosphere will encourage some donors to write bigger checks — and allow jobless hedge-fund managers to network while eating mini-hot dogs and shrimp instead of filet mignon.
“A formal, sit-down dinner wouldn’t have been the most appropriate thing to do when times are so bad,” Kathryn Conroy, the organization’s executive director, said in a telephone interview.
