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18 Mar 2008

Players and Coaches Participate to Raise Funds For Children

Hedge Funds Care is sponsoring yet another "Open Your Heart to the Children Benefit", this time including the San Francisco 49ers.

The Co-Owner, John York, will join current 49ers players and coaches including Head Coach Mike Nolan, 49ers center Eric Heitmann and linebacker Manny Lawson, and 600 people from the West Coast hedge fund industry at this year's dinner, which is well on its way to raising more than last year's event.

The event will feature silent and live auctions, along with wine tasting from premier Napa and Sonoma Valley vineyards. Funds raised by the event will be used to provide grants to existing organizations that address the prevention and treatment of child abuse in the Bay Area.

"We are excited to host this event in San Francisco and to partner with the 49ers Foundation for the seventh time," Jolly said. "Last year's event was a tremendous success, raising more than $1,000,000. We look forward to the continued support of the hedge fund industry for this very worthy cause."

Hedge Funds Care is an industry alliance formed in 1998 with the sole mission of raising funds to prevent and treat child abuse. To date, the group has raised more than $27 million nationally. In addition to the dinner in San Francisco, Hedge Funds Care also holds events in Atlanta, Boston, Chicago, Denver, London, Toronto, Cayman Islands and New York.

The San Francisco 49ers Foundation is the non-profit community funding arm of the San Francisco 49ers. Now in its 16th year, the San Francisco 49ers Foundation supports development programs for underserved youth that keep them safe, on track and in school. A significant portion of its funding goes towards family violence prevention programs and activities that teach youth leadership and respect. For more information, visit

Hedge Funds ‘Defend Vigorously’ Their Disclosure Rights

Hedge funds Children’s Investment Fund Management (TCI) and 3G Capital Partners reponded to a lawsuit yeasterday, saying the CSX filing was "without merit".

“It is unfortunate that CSX has chosen to manipulate the governance and Board election process by delaying the annual meeting and filing baseless claims," the hedge funds said in a joint statement, "These allegations are wholly without merit and we will defend ourselves vigorously.”

In the filing with the Federal Court in New York, railroad company CSX alleged the two hedge funds had not met U.S. regulatory requirements to disclose the size of their holding in the company.

TCI is a London-based asset manager founded in 2003 which manages The Children’s Investment Master Fund. The majority of TCI’s profits go to The Children’s Investment Fund Foundation, a non-profit organization focused on improving the lives of children living in poverty in developing countries.

3G manages a private investment fund that invests in global equities and special situations.