More than 200 Canadian hedge fund and financial services industry professionals and supporters gathered at The Story’s Building in Toronto on 17 November for the 13th annual “Open Your Hearts to the Children” gala.
The special fundraising evening organised by Hedge Funds Care/Help for Children Canada (HFCC) raised nearly CAD200,000 for the prevention and treatment of child abuse. To date, the annual event has now raised more than CAD2.5 million.
The funds raised are allocated to local charities and organisations that focus on child abuse prevention and treatment.
“Once again the hedge fund and broader financial services industry in Canada showed its true benevolent colours – raising both money and awareness for this very important and unfortunately often-overlooked cause,” says HFCC president and director Corey Goldman. “The dollars raised continue to allow us to fund groundbreaking and innovative programmes and research that continue to raise the bar in combating child abuse.”
All of the funds raised through the Hedge Funds Care Gala are distributed through grants to local, community-based organisations devoted to preventing child abuse. This is accomplished through education, prevention, intervention, research, advocacy and training programmes.
Attendees were treated to an evening of food and beer courtesy of sponsor Old Tomorrow, and a silent auction. KPMG was presented with a special award recognising the firm's support of HFCC for more than 10 years.
The 2016 grant recipients were Boost Child Abuse Prevention and Intervention, Child Development Institute, East Metro Youth Services, Kids Help Phone and Native Child and Family Services of Toronto. To date more than 53 grants have been awarded to organisations across the country.
Laura Reid of KPMG who, along with Kim Yeung of Kensington Capital Partners served as co-chair of this year’s event, acknowledged the hedge fund community’s “overwhelming response to the gala and the cause it supports.”
“Our efforts would not be possible without the incredible support and generosity of our sponsors, including lead sponsor Sprott Asset Management as well as KPMG, Scotiabank, Citco Canada, Arrow Capital Management, Deloitte Canada, Picton Mahoney Asset Management, Polar Securities, TD Securities, and many others.”