By Katya Wachtel
The classic Wall Street haunt Cipriani, where Hedge Fund Cares held its annual children charity gala on Thursday night, was noticeably devoid of any people who work for hedge funds.
Instead, the room was filled with those who help keep hedge funds running; there was a ton of guests from the Big Four accounting firms, in particular KPMG, as well as law firms, tax groups, and service providers like Citco and BTIG LLC. There were some hedge fund firms represented of course, including Fortress Investment Group and Tudor Investment Corp.
It seemed odd though, in light of the charity’s name, there were not more traders and portfolio managers in tow.
“They all go to Robin Hood,” said one attendee, referring to the benefit put on by the Robin Hood Foundation, a charity that targets poverty in New York, and whose board includes a rather deep roster of hedge fund heavyweights, including Lee Ainslie, Steve Cohen, David Tepper and Paul Tudor Jones.
Still, the massive Cipriani space on 42nd Street was packed until 10pm, long after Hedge Funds Care honored former Yankees manager Joe Torre for his work with Safe at Home, a charity he founded in 2002 aimed at the reduction of domestic violence, with a focus on support for children who are victims of abuse.