Arbs’ vibes hit New York

Hedge fund managers are tuning their guitars in anticipation of this year’s Rocktoberfest. The annual event is a chance for hedge fund managers to swap their chinos for Spandex and perform to raise money for charity.

Mead Welles, founder of hedge fund Octagon Asset Management, set up Rocktoberfest last year with Chris Heasman, director at Lazard Asset Management.

Welles had recently co-founded Altso – a charity aimed at helping children with limb disabilities in developing countries. A gig performed last spring by Welles and Heasman’s band “The Subscribers” to raise money for Altso inspired the two to establish Rocktoberfest.