Hedge fund managers in far-flung places celebrated the end — and the beginning — of summer with all-out parties to benefit children with cancer.
Hedge fund consultant Albourne Partners Ltd., London, threw a 24-hour party on Aug. 25-26 to celebrate its 10th anniversary and to benefit the Teenage Cancer Trust. Tickets — not an obstacle to the invited hedge fund crowd at a mere £500 ($899) each — admitted guests to the grounds of an English stately home with plenty of room for activities such as the Titanium Man Challenge: Six men, competing against each other on separate teams of innocent bystanders, played at games including rickshaw racing and wheelbarrow polo. Other events included a play enacted by Albourne staff and the awarding of the Grannies 2004 awards to the "best of" the hedge fund industry, as voted by their peers.
On the other side of the planet, in Sydney, more than 450 hedge fund managers from 95 firms blasted out the ceiling tiles of the Bourbon Club at Hedge Funds Rock. The event raised A$200,000 (US$139,070) to benefit cancer charity Cure Our Kids. Party-goers were entertained by local bands Mental as Anything, The Rockets and Typhoon as well as exotic troupe the Adrenalin Dancers.