Canadian Hedge Fund Industry raises more than $200,000

Date: Friday, November 30, 2007
Author: Canada News Wire

Canadian Hedge Fund Industry raises more than $200,000 at 4th Annual Hedge Funds Care Canada Gala.

    TORONTO, Nov. 29 /CNW/ - Canada's hedge fund industry rallied in support
of the treatment and prevention of child maltreatment earlier this month,
raising north of C$200,000 for Toronto-based foundations that help prevent
child abuse and neglect at Hedge Funds Care Canada's fourth annual gala.
    More than 150 hedge fund industry professionals wined, dined and mingled
at the Sutton Place Hotel's exclusive Stop 33 top-floor lounge in support of
Hedge Funds Care Canada (HFCC), the country's only philanthropy exclusively
dedicated to the treatment and prevention of child abuse and neglect.
    Bay Street, Bloor Street and visiting Wall Street hedge fund authorities
took part in a first-rate gourmet-gala evening, tasting top-tier dishes and
desserts prepared by the award-winning chefs of the Toronto-based
Sutton Place, the headquarters of the Toronto International Film Festival.
    One lucky guest walked away with a genuine one-carat custom-designed
diamond pendant worth US$7,500, which was picked out among some 65 identical
cubic zirconium pendants that guests had the option of purchasing in the
"Diamond Rush" event hosted by Toronto jewelers Hofland Inspirations.
    "That homeless person on the street begging for change, that woman who
sleeps on a cardboard box on a grate, there is a very strong chance that those
people were victims of child maltreatment," University of Toronto Professor
and academic consultant Marion Bogo told attendees. "The programs that your
money helps fund helps prevent maltreatment at its earliest stages, which in
turn helps these people and helps our society overall."
    "The Canadian hedge fund industry is particularly devoted to
philanthropic causes, and this cause resonates," says Corey Goldman, President
of Hedge Funds Care Canada and North America Editor of London- and New
York-based hedge fund magazine HFMWeek. "Child abuse and neglect is easily
preventable, and there is no reason that any child, in Canada or anywhere in
the world, should be exposed to trauma, maltreatment or neglect."
    Helping with the fundraising efforts and adding to the elegance of the
evening were the generous efforts of HFCC's local and international sponsors,
which included: Advent Software, AIMA Canada, Arrow Hedge Partners, Bank of
America, Barclays, Bear Stearns, BMO Capital Markets, Brightstaff, Calyon
Financial, CMC Markets, Citco Fund Services, Citi, Credit Suisse, Cutting
Hedge Consulting, Deloitte & Touche, Ernst & Young, EZE Castle Integration,
Fidelity Prime Services, Fortis Prime Fund Solutions, Fulcrum Fund
Administration, Mr. and Mrs. Alison and Corey Goldman, Goldman Sachs,
Goodwood, Hillsdale Investment Management, HSBC Alternative Fund Services,
JC Clark, KPMG LLP, Mapleridge Capital, Marret Asset Management, McMillan
Binch Mendelsohn LLP, Merrill Lynch, Morgan Stanley, Ogier, PerTrac Financial
Solutions, Pricewaterhouse Coopers, Rothstein Kass, Rosseau Asset Management,
Roundtable Capital Partners Inc., Salida Capital, Scotia Capital Markets,
Spectrum Global Fund Administration, Sprott Asset Management, TD Securities,
Torys LLP and Vista Research.
    Other generous sponsors and contributors included art gallery Art
Interiors, the Miller Tavern, Porter Airlines, W Hotels, the Sutton Place
Hotel, and Halpern Enterprises, which donated the wines for the evening.
    Since founded in 2004, HFCC has given more than C$250,000 to various
Canadian charities and foundations focused on programs that help treat and
prevent child abuse and neglect, including the Child Psychotherapy Foundation
of Canada; the George Hull Centre for Children and Families; the Child
Development Institute of Toronto; the Hincks-Dellcrest Centre and others.

    HFCC 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
$25 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 is proud to be the only business group solely devoted to
combating child abuse, and in almost 10 years has made a powerful contribution
to saving children. Because of the shame associated with child abuse, it
remains a dramatically under-resourced and rarely discussed problem.
    More information about Hedge Funds Care can be found online at
www.HedgeFundsCare.org.