Hedge Funds Care Cayman raises cash to help children

The hedge fund community of the Cayman Islands gathered at Camana Bay in support of Hedge Funds Care Cayman’s Open Your Heart to the Children Benefit.

The benefit dinner on 11 November raised $220,000 to prevent child abuse and help its victims.

“Year on year, this event exceeds our expectations, and despite the current difficult economic conditions, this year has been no exception,” said Co-Chair Peter Cockhill.

“Of course, the success of such an event is due to the hard work and dedication of our committee and the involvement of all who attend.”

Mr. Cockhill said that after three years as chairman, including the last year as co-chair, he is stepping down. Lauren Nelson will assume the role of chairperson, assisted by fellow directors Patrick Agemian, Geoff Ruddick, Greg Bennett and the committee members.

The benefit dinner was attended by 285 people, and this year’s theme was Serengeti Sunset. Highlights of the evening included live and silent auctions, a raffle and live entertainment.

In her address, Ms Nelson said, “In these six years, Hedge Funds Care Cayman has distributed over US$1 million and has made an important difference in community awareness of child abuse and in improving services for vulnerable children. Because of your support and caring, many young people in these Islands have new hope for a brighter future, and many families are better able to raise safe, happy and productive children.”

Each year relevant organisations are invited to apply for grants to support child abuse prevention and treatment services. Applications are reviewed by a Grant Selection Committee, which includes HFC Board members, Hedge Funds Care ED Dr. Kathryn Conroy and an academic consultant, Bart Grossman from the University of California. Committee members visit the agencies and meet with staff prior to granting the awards.

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