Net Net: Promoting innovation and managing change
Net Net: Promoting innovation and managing change

Wall Street traders punch and kick each other—for charity

Boxing for charity

By day, hedge fund manager Pierre Andurand bets hundreds of millions of dollars on the price of oil and other commodities in a fiercely competitive trading market. By night, Andurand channels his aggressive streak into kickboxing and other martial arts.

Andurand's combative side was on display Wednesday night at "Fight for Education" in New York, which benefited charity Happy Hearts Fund. He beat Michael Tobin of commodities hedge fund firm Taylor Woods Capital Management in kickboxing via a technical knockout.

Andurand tweet

"I'm happy to support the charity—hopefully no one gets hurt!" Andurand told during cocktails before his match, while still wearing a suit.

The event raised nearly $1 million from nearly 400 attendees to build schools for children affected by natural disasters, according to organizers.

Financial professionals who fought at Wednesday's event included Tina Lindstrom, principal of Blueshift Capital Group (who won her bout); Keith Leung, an energy derivatives trader at INTL FCStone (who lost); JJ Stanton, head of the refined product options desk at GA Global Markets (a winner); and Brendan Byrne, an institutional salesman at Vertical Research Partners (he lost).

Andurand, who is French and now runs his $500 million Andurand Capital out of London, is the majority owner and chairman of GLORY, a professional kickboxing league. GLORY was an event sponsor. He also owns MMA and kickboxing gym Urban Kings in London, according to an online biography.

Other hedge fund managers and investors to support the event financially were Kathleen Kelley, Renee Haugerud, Jennifer Fan, Paul Touradji and Beau Taylor.

Super model Petra's Happy Hearts Fund

Happy Hearts Fund, founded by model and 2004 Indian Ocean tsunami survivor Petra Nemcova, was the subject of a New York Times story on May 29 that detailed a $500,000 donation to the Bill, Hillary & Chelsea Clinton Foundation as an apparent enticement for Bill Clinton to participate in another of the group's fundraising events.

The former executive director of Happy Hearts was quoted as criticizing her former group for giving away such a large amount of the relatively small group's money, even if to another charity, and for altering its goals to please Clinton.

A Happy Hearts representative declined to comment on the story. A spokesman previously told The Times that the group and the Clinton Foundation "have a shared goal of providing meaningful help to Haiti" and "we believe that we can create the most impactful change by working together."

Boxers participate in the Fight For Education, a martial arts event hosted by GLORY to benefit Happy Hearts Fund, at the Hammerstein Ballroom in New York on June 3, 2015.
Lawrence Delevingne | CNBC