Canadian hedge fund Industry rallies in support of prevention and treatment of child abuse

Date: Thursday, November 2, 2006
Author: Investment Executive Staff

3rd Annual Hedge Funds Care Canada Gala

More than 150 hedge fund professionals are expected to wine, dine and mingle at the Sutton Place Hotel’s exclusive Stop 33 top-floor lounge on Thursday November 9 in support of Hedge Funds Care Canada, the country’s only philanthropy exclusively dedicated to the treatment and prevention of child abuse.

Bay Street and visiting Wall Street hedge fund high-rollers will be treated to a gourmet-gala evening of top-tier foods with fine wines graciously donated by Halpern Enterprises.

Guests will be invited to partake in Hedge Funds Care Canada’s second-annual “Diamond Rush” event, where a genuine one-carat custom-designed diamond pendant by jewelers P&H Design worth US$15,000 will be hidden among more than 100 cubic zirconium pendants, with one lucky guest wearing home the real diamond.

Also driving home the need to fund organizations that focus on the prevention and treatment of child abuse will be Toronto Midtown Saab, which will be auctioning off a brand-new midnight black, fully loaded 2006 Saab Aero Convertible, with all proceeds above reserve going to Hedge Funds Care Canada.

Funds raised go in support of Hedge Funds Care Canada, which was established in 2004 as a way for the Canadian hedge fund community to give back to local, frontline organizations that provide prevention services to children and families who are at risk for abuse and/or neglect, and treatment to children who have been victims of abuse.

Hedge Funds Care Canada is part of a larger alliance of hedge fund industry professionals that comprise New York-based Hedge Funds Care, which was established in 1998 by Rob Davis, a dedicated hedge fund professional interested in giving back to protect children from abuse and neglect.

The group, which includes prime brokers, attorneys, accountants, information providers, investors and managers, has raised approximately US$15 million through annual benefits in Toronto, New York, San Francisco, Chicago, Atlanta, Boston, Denver, London and the Cayman Islands, which has been distributed to local, community-based nonprofits focused on providing treatment and support to families in crisis, children who have been abused and/or are in foster care.

Hedge Funds Care Canada has been approved as a charity in Ontario.