TORONTO, Nov. 1, 2012 (GLOBE NEWSWIRE) -- More than 200 Canadian hedge fund industry professionals and supporters gathered at Spice Route in Toronto October 23rd for the ninth annual "Open Your Hearts to the Children Gala."
The special fundraising evening organized by Hedge Funds Care Canada raised nearly C$200,000 for the prevention and treatment of child abuse. This brings the amount the event has raised to date for this worthwhile cause to more than C$1.6 million.
Scotia Capital Prime Brokerage, which provides technology and other services to the hedge fund industry, was awarded this year's "Award for Caring."
"Hedge Funds Care continues to make strides in raising both money and awareness to this very important and unfortunately often-overlooked cause," said Hedge Funds Care Canada President and Director Corey Goldman. "The dollars raised this year will have a significant impact in continuing to fight the scourge of child abuse in this country."
All of the funds raised through the Hedge Funds Care Gala are distributed through grants to local, community-based organizations devoted to preventing child abuse. This is accomplished through education, prevention, intervention, research, advocacy and training programs.
Event Co-Chairs June-Anne Reid, Claire Van Wyk and Paul Patterson acknowledged the hedge fund community's "overwhelming response to the gala and the cause it supports," which they noted was particularly important in these still-challenging times.
They also expressed gratitude for the generous support of the Committee of Hearts as well as the Gala sponsors, including Sprott Asset Management, Scotia Capital, Arrow Capital Management, CIBC World Markets, Citco Fund Services, MAN Investments, Polar Securities, and many others.
About Hedge Funds Care
Hedge Funds Care Canada was established in 2004 as a way for the Canadian hedge fund community to give back to organizations that provide prevention services to children and families who are at risk of abuse and/or neglect, and treatment to children who have been victims of abuse.
Hedge Funds Care Canada is part of a global alliance that began 14 years ago in New York and has grown into an international nonprofit organization. It has branches in 11 major cities in Canada, the United States, the Cayman Islands, and the United Kingdom, and funds more than 100 community organizations worldwide and distributes approximately $3.8 million annually. Hedge Funds Care Canada alone has granted over $960,000 through 35 grants since its inception.
Hedge Funds Care is proud to be the only business group solely devoted to combating child abuse, and since its founding has made a powerful contribution to saving children. Because of the shame associated with child abuse, it remains a dramatically under-resourced and rarely discussed problem.
For additional information please visit www.HedgeFundsCare.org.
* Editors: Please note that event photos are available on request
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Source: Hedge Funds Care Canada