HedgeCo News - Hedge fund giant Man Group has made an immediate $1 million commitment via its Charitable Trust to relief efforts in Japan.
“We have all witnessed through TV coverage the scenes of devastation in Japan after the earthquake and tsunami." Peter Clarke, Chief Executive of Man, said, "It is hard to imagine how this feels to those affected. Our long established and close relationship with Japan means that we are naturally very anxious to play our part in joining with local and international efforts to alleviate the huge suffering that has been caused."
In a response coordinated with its Tokyo office, the hedge fund will focus this charitable donation on children impacted by the crisis and has pledged $900,000 to Save the Children's Japan Emergency Appeal and $100,000 to local children's charities.
“We are extremely fortunate that all of our employees and their families are safe but we are acutely aware that hundreds of thousands of people have been left devastated by last week’s events." Hidehiko Hayashi, Head of Man’s Regional Office in Japan, said, "We will continue to ensure that we are doing all we can to provide support and assistance to Japan as the nation works together to address this massive natural disaster.”