Members of The Connecticut Hedge Fund Association, one of the hedge fund industry’s largest professional associations, honored the life of Paul Newman with a memorial donation to the Hole in the Wall Gang Camps. Mr. Newman, who died from complications from lung cancer on Sept. 26, founded the charity in 1988.
The Fairfield-based association chose the Hole in the Wall Gang Camps as its primary philanthropic charity because it is based in Connecticut and has a mission to help children with serious illnesses have a safe and fun summer camp experience, said Bruce McGuire, founder and president of the hedge fund group. He would not say how much was donated.
The CTHFA raised money to benefit the camps this summer with a pro-am golf tournament and by sponsoring two sailboats in the annual Hedge Fund Regatta in New York Harbor. The CTHFA also has worked to raise awareness among its members about the camps, which are located across the U.S. as well as in the U.K., Hungary, France, Italy, Israel and Ireland.
Mr. McGuire said CTHFA members were saddened by Mr. Newman’s death. “Paul Newman leaves behind a legacy of professional and artistic excellence as well as a spirit of charity that can serve as an example to us all,” Mr. McGuire wrote in a letter to CTHFA members and friends. In an interview, Mr. McGuire said the association will continue its support of the camps and increase its fundraising efforts next year.
