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23 Sep 2011

ALTSO's Annual Hedge Fund Charity Rocktoberfest

The Eighth Annual Hedge Fund Rocktoberfest, the cornerstone fundraiser for children’s charity A Leg To Stand On (“ALTSO”), is taking place on Thursday, October 13 at 583 Park Avenue in New York City. 

Hedge fund managers and hedge fund related industry professionals will perform to raise money for ALTSO, which provides prosthetic limbs and corrective, life-altering surgeries to children with limb disabilities in developing market countries.

This year’s Hedge Fund Rocktoberfest promises to be ALTSO’s most high-octane event ever. Wide World Ferrari Maserati is sponsoring a Maserati Gran Turismo S which guests will have the opportunity to bid on that night. More than 1,000 attendees from the hedge fund and related financial services industries are expected at this year’s event.

12 Sep 2011

New Hedge Fund Gets $100 Million From World Bank

HedgeCo News - The World Bank's private-sector lending arm, the International Finance Corp, is investing$100 million in a new hedge fund recently launched by Christofferson Robb & Co, according to Reuters.

The hedge fund, based in London and New York, will "Put up cash to cover unexpected loan losses in return for a cut from the bank. The fund’s cash will lower the banks’ requirements under the Basel capital rules and reduce the impact of planned tighter rules. IFC hopes the fund will encourage an extra $2.5bn to $4bn of lending to developing countries. " FT reported.

IFC is the largest global development institution focused on the private sector in developing countries.