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11 Jun 2010

Philanthropy NY: The Fresh Air Fund

HedgeCo News - The Countdown to Summer 2010 is on and The Fresh Air Fund is in need of host families.

The Fresh Air Fund is an independent, not-for-profit agency, which has so far provided free summer vacations to more than 1.7 million New York City children from low-income communities since 1877. Nearly 10,000 New York City children enjoy free Fresh Air Fund programs annually. In 2008, close to 5,000 children visited volunteer host families in suburbs and small town communities across 13 states from Virginia to Maine and Canada. 3,000 children also attended five Fresh Air camps on a 2,300-acre site in Fishkill, New York. The Fund’s year-round camping program serves an additional 2,000 young people each year.

"We also just received a tremendous offer by a very generous donor."Sara Wilson od said, "Any gift given from now until the end of June will be matched dollar-for-dollar."

In 2009, The Fresh Air Fund's Volunteer Host Family program, called Friendly Town, gave close to 5,000 New York City boys and girls, ages six to 18, free summer experiences in the country and the suburbs. Volunteer host families shared their friendship and homes FOR up to two weeks or more in 13 Northeastern states from Virginia to Maine and Canada.

Silverstone Capital’s flagship hedge funds deliver in May

Hedgeco News - London-based hedge fund manager, Silverstone Capital's flagship hedge fund delivered a gross return of +4.92% for the month of may taking YTD gross performance to +5.31%, whilst the Monza Fund posted a gross return of +6.77% in May. Monza has year-to-date delivered a positive gross return of +10.65%.

Silverstone runs equity long/short hedge funds that specialize in investments in the global automotive industry and related fields.

“We are pleased with the May result but we continue to look forwards." Saul Rubin, Founding Partner at Silverstone said, "Our intention continues to be to deliver good returns over the long run irrespective of the overall market conditions.”

Silverstone was founded in May 2004, and today manages investments in equity and equity linked products. The firm currently manages the Silverstone Fund and the Monza Fund. The flagship Silverstone Fund opened to outside investors in July 2004. Silverstone has throughout Q2 of 2010 continued to see strong international investor demand for its funds products, and the strong May numbers further reaffirms the unique advantages of the investment philosophy in the Silverstone Fund and the Monza Fund.