A Leg To Stand On is on target to make its sixth annual Hedge Fund Rocktoberfest one of its most successful fundraisers to date, with more corporate sponsors signing on to the cause tha
A Leg To Stand On is on target to make its sixth annual Hedge Fund Rocktoberfest one of its most successful fundraisers to date, with more corporate sponsors signing on to the cause than ever before.
The event is to be held at B.B. King Blues Club in Manhattan on 8 October.
‘I’m extremely grateful to everyone who has given to Altso,’ says C. Mead Welles, co-founder of Altso and managing partner of New York hedge fund Octagon Asset Management. ‘What we do has such a big impact on these children’s lives and it costs so little to do so much.’
Altso improves the lives of children with limb disabilities in emerging countries by providing free surgeries and prosthetic limbs. The money raised from last year’s Hedge Fund Rocktoberfest helped Altso expand its efforts and clinics in India, Bangladesh, Haiti, Nepal, Nigeria, Colombia, and Ecuador.
Revenue raised this year will go toward fulfilling Altso’s goal of helping level the playing field for 1,000 more children in 2010, bringing their total of children helped to nearly 6,000 in under eight years.
Hedge Fund Rocktoberfest features bands whose members work in the hedge fund and finance industry. All of the five bands scheduled to perform on the main stage at this year’s event are competing to raise the most for Altso; vying for the lead currently are JAM Partners and The Cause.
‘The bands are working extra hard to bring in donations this year,’ says Chris Heasman, a director and portfolio manager with Lazard Asset Management in New York who performs with The Subscribers, which has played at every Hedge Fund Rocktoberfest since the event began and is scheduled to perform again this year. ‘Sure, Rocktoberfest is about having fun, but it’s more about raising money for Altso so they can continue their work with children in developing countries.’
It will be the Jen Justice Band’s first time performing at Hedge Fund Rocktoberfest. Based in Chicago, the band has been reaching out to a new group of supporters for Altso. Among the sponsors which Jen Justice Band has brought in are CME Group and IntercontinentalExchange.
"We are so honoured to be a part of this fantastic event and to be able to give back to children in need,’ says Jennifer Justice, the band’s lead singer. ‘The Altso organisation is such an inspiration to us and we will definitely be bringing all our enthusiasm for this cause with us to the stage."
Other long time supporters of the charity, including Deutsche Bank, Credit Suisse, and Jacobs Asset Management, have also stepped up and given generously again to this year’s Hedge Fund Rocktoberfest.
