Wall Street hedge funds and philanthropy

It's fair to say that the hedge fund industry, as it basked in phenomenal riches the past few years, has become an active participant in philanthropy. There is no shortage of events for charity these days, and even the best-known hedge fund event--the annual Ira W. Sohn conference--benefits children's cancer research. The Financial Times offers a good story on how the industry has mobilized on behalf of Darfur recently. The article notes that in the past, most adopted causes were close to home. But the Darfur issue may be able to excite more giving, despite its far flung locale. One event in Manhattan last month apparently raised $300,000, which was used to send food and medical supplies to the area. That, of course, is a pittance. What would be nice is even more organized giving. There's a lot of talent there--an addition to money.  

For more:
- here's the article

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