Hedge Funds Care Cayman Raises $250.000 for Charity

Date: Thursday, December 14, 2006
Author: Hedgeco.net

(New York) - Hedge Funds Care Cayman held its second annual black tie dinner, Open Your Heart to the Children Benefit, at the Ritz–Carlton last month, raising more than US$250,000. Last November, the inaugural benefit dinner raised a net total of $143,000 for the Cayman charity.

Hedge Funds Care (HFC), established in 1998, is a group of hedge fund money managers, investors, prime brokers, attorneys, accountants, and information providers. Funds are raised through annual Open Your Heart to the Children Benefits in New York, San Francisco, Chicago, Atlanta, Boston, Denver, Toronto, London and the Cayman Islands. They have raised more than $18 million dollars and awarded more than 250 grants to organisations and professionals committed to protecting children from abuse and neglect.

Child welfare specialist Mr. Bart Grossman made a speech highlighting the positive work that has taken place in the less than eight months since Hedge Funds Care Cayman Islands made its first grants.

A presentation was made on the evening by HFCC chairman of the board, Glen Wigney, who spearheaded the incorporation of the chapter in Cayman. "My term as chairman has represented an extraordinary journey for me,” he said. “When I attended a Hedge Funds Care fundraising event in New York several years ago, I could see the business potential for our under appreciated fund services industry in Cayman.”

The date for the next event has already been set for 15 November 2007.

Hedge Funds Care provide training for community members such as teachers, social workers, hospital/medical staff, lawyers, judges, and religious leaders on recognition of abuse and reporting of abuse, as well as prevention services to at-risk children and families, treatment for children who have been abused, training to enhance awareness and understanding of abuse and neglect for children, parents and community members, research on best practices in child welfare and legal advocacy to children in crisis among other things.

These funds are put to work locally through the following institutions: Children and Youth Services Foundation, National Council of Voluntary Organisations, Cayman Islands Crisis Centre, the Department of Children and Family Services and the National Gallery.

For more information see; http://www.hedgefundscare.org/events/

Alex Akesson
Contributing Writer
HedgeCo.Net
Email: Editor@hedgeco.net