The Subscribers, a band made up of a loose, ever-changing group of musicians who also happen to be hedge fund professionals, is really busy this fall, playing charity gigs and going on dates.
The band gives all proceeds to A Leg to Stand On, a non-profit organization that provides health care and prosthetic devices to disabled children in India. The single male members of the band and some of their buddies also agreed to be auctioned off to the highest bidder in a Hedge Fund Hunk auction to be held Sept. 3.
At press time, it's hard to predict how much a lady would have to bid to score a date package (including theater tickets, dinner for two or an exotic trip) with someone like C. Mead Welles, chief executive officer of fixed-income hedge fund manager Octagon Asset Management LLC and founder of ALTSO and The Subscribers. Also on the auction block are band members Pete Muller, a professional poker player, a keyboard player and hedge fund founder; Tim Wheeler, vocalist and a securities lawyer with hedge fund focus; and saxophonist and harmonica player Roy Ophir, who also is in the hedge fund industry. Amy Krakow, a spokeswoman for The Subscribers, declined to identify the employers of any of the band members.
The Subscribers' first CD, Clark's 9, is due out in October, and its next big charity event is Rocktoberfest on Oct. 21 at BB King's Blues Club & Grill in New York. Rocktoberfest will feature an all-hedge-fund lineup in six solid hours of rock and roll. Last year's sold-out event pulled in 700 attendees and 50-plus musicians and proceeds from the event enabled ALTSO to provide more than 300 children with prosthetic devices and health services.