Around 350 people attended the third annual Hedge Funds Care Cayman Open Your Heart to the Children Benefit evening at the Ritz-Carlton.
Hosted by the charity’s Committee of Hearts, funds raised are estimated to be in the region of US$250,000.
According to officials at last weekend’s event, the final total will be granted following an intensive request for proposals process.
This year’s recipients were the Department of Children and Family Services, The Cayman Islands Crisis Centre, the National Council of Voluntary Organisations, the CAYS Foundation and St. Ignatius Catholic Church’s Protecting God’s Children programme. All are said to have excellent programmes in training and education designed to combat child abuse and neglect.
The benefit’s theme: ‘A Night of Jazz with a Touch of Blues,’ was a cue for many attendees to wear blue in their attire; the jazz was in evidence throughout the well-received performance by US a cappelle sextet Take 6.
The event opened with a champagne/cocktail reception, followed by silent and live auctions during the three-course meal.
Speeches were given on the role of HFCC and its Committee of Hearts and Grant Making Committees by the Cayman Islands Committee of Hearts Chairman Peter Cockhill and HFC’s Academic Consultant for Grant Making, Bart Grossman.
Manager of the Child Protection Programme in the British Overseas Territories, Felicia Robinson, spoke about the exemplary work undertaken by the Cayman chapter of HFC in strengthening local child protection provision.
She also thanked HFCC on behalf of the Department for International Development and the Foreign and Commonwealth Office.
The live and silent auctions featured items including sports and film collectibles, artwork, a luxury car, wines and overseas event packages.
Grammy winning vocal group Take 6 rounded off the evening with an outstanding jazz infused performance. The sextet, which performs around the world and has cut many albums, entertained the audience with a mellifluous set.
Since its inaugural benefit in 2005, Hedge Funds Care Cayman has given away grants totalling US$375,000.
Hedge fund industry professionals established Hedge Funds Care, a charitable organisation focused on assisting young victims of abuse, in 1998. Since that time, chapters have opened in New York, San Francisco, Chicago, Atlanta, Boston, Denver, Toronto, Cayman and most recently in London,. The targeted groups for the organisation include those organisations with interests in hedge funds, including investment managers, investors, prime brokers, attorneys, accountants, administrators and information providers.