Hedge Fund Managers Get Out And Support Number One Issue Affecting Underprivileged Children

A lack of sailing opportunities.

Yesterday afternoon a few dozen hedge-funders abandoned their desks to sail 12-Metre America’s Cup yachts on the Long Island Sound. The majestic boats made their way out of Indian Harbor Yacht Club in Greenwich, Connecticut, past the waterfront homes of Edward Lampert and Paul Tudor Jones and a replica of the Brooklyn Bridge (which doubles as a dock) at an estate that recently sold for $39.5 million. The weather cooperated beautifully, with bright sun and blue skies. A storm threatened but of course went somewhere else. A light rain finally came when the post-sail cocktail party was winding down.

The Connecticut Hedge Fund Association organized the event, which benefited the Young Mariners Foundation, a sailing program for underprivileged children in Stamford, Connecticut…Young Mariners teaches children water safety and how to swim, then enrolls them in a 5-week summer sailing program that they can stay in for three to five years. The organization serves 140 children annually, with a budget of $350,000. During a temporary break from crab cakes and crudites, Bruce McGuire, the founder and president of the Connecticut Hedge Fund Association, presented a $2,000 check to Paul Norton, the chairman of Young Mariners.

That’s right- $2,000. Let’s hope the children can appreciate the outpouring of generosity.

Hedge Funders Sail From Greenwich [Bloomberg]

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37 Responses to “Hedge Fund Managers Get Out And Support Number One Issue Affecting Underprivileged Children”

  1. Backdoor Bess says:

    It’s easy to grin / When your ship comes in / And you’ve got the stock market beat. / But the man worthwhile, / Is the man who can smile, / When his shorts are too tight in the seat.

  2. in love with pmco avatar says:

    just what under privileged kids need, sailing lessons.u00a0 once they learn to sail, they will have no where to do it, as they will not be admitted into the clubs of the hedge fund managers.u00a0

  3. Anonymous says:

    A Hedge Fund Associationu00a0writing a cheque for $2,000 to charity is the NKI.nnConfused Commenter likely has something to say about Bess being ornery.nnHey! Why didn’t we get a chance to contribute to a cause we could afford?n-UBS MDnn-Obvious Joke Guy Wearing / Doing Somethingu00a0That Makes Him Stand Outu00a0at Minetta’s

  4. Oooh Yeah! says:

    “Keep sailing, BOB!”

  5. PasteSpecialFormats says:

    Wind is to us what money is to life on shore.nn-Sterling Hayden

  6. Anonymous says:

    My dad is an MD at UBS, I qualify for entry into the YMF, correct?nn- Kid who wonders what it would be like to have a “real” dad, so wants to spend the day on the water daydreaming.

  7. Kim Jong ILL says:

    Bess, why so ornery?u00a0 Are you ronery?

  8. Lloyd says:

    Why sail on water when you can walk on it?

  9. Lbz360 says:

    I thought #1 issue was fetal alcohol syndrome, now I know better thanks for the enlightenment!

  10. Nickmagos says:

    wow I can’t believe that everyone emptied their pockets for the cause. Embarrassing that the event raised $2k. Is that all that could be coughed up?

  11. Tuckhead says:

    I didn’t know there are underprivileged kids in Stamford.

  12. Footerstar16 says:

    $2000 for the kids and no doubt about $5000 for the crabcakes. No doubt there’s some lobbyist there arguing for tax exemptions for the boats to go along with the one for the private planes.u00a0

  13. Footerstar16 says:

    $2000 for the kids and no doubt about $5000 for the crabcakes. No doubt there’s some lobbyist there arguing for tax exemptions for the boats to go along with the one for the private planes.u00a0

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