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23 Apr 2008

Hedge Funds Care Announces Benefit Gala

The Midwest Chapter of Hedge Funds Care (HFC) announced its sixth annual benefit, “Open Your Heart to the Children”. Organizers of the black tie gala hope to top the $900,000 which was raised at last year’s event.

More than 500 members of the alternative investments community and their guests are expected to attend this year’s benefit. They will be treated to food, music and silent and live auctions. The latter will include a lavish U.S. Open Tennis package, an “instant” wine collection comprised of more than 100 bottles of fine wine, storage and an in-home tasting party with a professional sommelier, and passage to the Hollywood premier of Will Smith’s upcoming movie “Hancock”.

One unique and special live auction item will be created before attendee’s eyes over the course of the benefit —an oil painting by noted Los Angeles artist Scott Glazier which will be taken home by one generous bidder.

“This great event, with all of the very attractive auction items, will raise much needed funds to support children who are suffering from abuse and neglect which is a widespread national tragedy and a serious problem in our local communities,” said Melinda Kramer, Co-Chairperson of the HFC Midwest Chapter. “Hedge Funds Care is doing its part to help children in these situations and to prevent them. Our industry members are very passionate about making a difference which is demonstrated by their generous donation of money, time and talent,” she continued.

HFC is a global organization composed of concerned alternative investment industry professionals committed to protecting children from abuse and neglect. To date, the Midwest chapter of HFC, based in Chicago, has distributed more than $2.6 million in 73 grants for the cause. HFC works with select local agencies and programs that can best serve the needs of these children. Grants are made through a rigorous process to insure that their funds have the highest impact possible.

Established in 1998, Hedge Funds Care is an alliance of concerned hedge fund industry professionals committed to protecting children from abuse and neglect. The group includes accountants, attorneys, fund managers, information providers, investors and prime brokers. The Midwest chapter, founded in 2002, has raised $2.7 million to combat child abuse and neglect throughout the Midwest region.

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