Short-only stars keep it sweet
There's not much hedge fund managers won't do to raise money and become stars – and not just in working hours.
More than 50 hedge fund staff acted out their dreams of becoming stars in New York last month – on stage rather than in front of a trading screen.
They formed and supported six different bands that played at a fundraiser for A Leg To Stand On, a charity that helps disabled children in developing countries.
The bands were called: Half Fiction, Junk Yard Dogs, Moore Caps, St James Syndrome, The Cause and The
Subscribers. They were made up of staff from RiskMetrics, JPMorgan, Moore Capital, The Rohatyn Group, Deutsche Bank and a mix from Octagon Asset Management, Lazard Asset Management and some private industry professionals.
More than 650 attended the event at Planet Hollywood in Times Square which raised more than $125,000.
Claire Mackay Neary, executive director for the charity, says: "[The funds] will be used directly for providing children with new limbs, training doctors and prosthetists in India and rehabilitation and long-term care for the children."