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100 Women in Hedge Funds Sixth New York Gala raises $2.3MM for iMentor
FOR IMMEDIATE RELEASE
100 Women in Hedge Funds
Phone: (908) 273-6321
Steve Bruce / Monica Everett
The Abernathy MacGregor Group
Phone: (212) 371-5999
E-mail: firstname.lastname@example.org / email@example.com
MANY HEDGE FUND LEGENDS HONORED WITH EFFECTING CHANGE AWARD;
JANE MENDILLO GIVEN INDUSTRY LEADERSHIP AWARD
New York, NY - November 15, 2007 - Leaders across the hedge fund industry raised $2.3 million at the Sixth 100 Women in Hedge Funds Gala at Cipriani in New York City. Proceeds from the Gala will go directly to iMentor (www.imentor.org), an organization dedicated to cultivating relationships between young people and volunteer adult mentors through its innovative and technology-enriched mentoring model, combining e-mail correspondence with in-person meetings.
John Griffin, Founder and President of Blue Ridge Capital, who founded iMentor in 1999 remarked, "We are absolutely delighted to be this year’s 100 Women in Hedge Funds beneficiary. This grant from 100 Women in Hedge Funds is truly inspiring to everyone at iMentor and will be transformational in expanding the reach and impact of iMentor." To-date, iMentor has matched and supported over 4,000 mentor-mentee pairs, partnering with over 30 schools and after-school programs in underserved communities.
Many well-known leaders in the hedge fund industry attended the gala celebration, among them Tudor Investment Management, Williams Trading, Blue Ridge Capital, Highbridge Capital Management, Eton Park Capital Management, Moore Capital and Atticus Capital.
Anne B. Popkin, Principal of BlueCrest Capital, and Chair of the Board of 100 Women in Hedge Funds, presented the check to iMentor at the event, and remarked that "Tonight, we have witnessed the power of mentoring in the hedge fund industry, with mentors in the business being honored by mentees who have gone on to run successful businesses of their own. We are proud to be able to donate the proceeds from tonight’s Gala to an organization, iMentor, that will help to create the same successful relationships for countless young men and women across the United States."
100 Women in Hedge Funds annually presents two awards that have historically recognized under-the-radar achievements and leadership. The 2007 Effecting Change award honored many leaders across the hedge fund industry who serve as powerful examples of effective mentoring, including John Griffin and his mentor, Julian Robertson, founder of Tiger Management Corp. Mr. Robertson, an active philanthropist who serves on a number of organization and university boards, is the founder and benefactor of the Robertson Scholars Program which awards merit scholarships providing 4-year, full tuition for 36 Duke University and University of North Carolina students each year. Other industry mentors who attended the event included Robert Rubin, Governor Jon Corzine, Jack Meyer and Jessica Palmer. Each mentor was honored at the event by one or more mentees who are currently active in the hedge fund industry, including Frank Brosen, George W. Wellde, Jr, Steven T. Mnuchin, Sara McKerihan, Tiger Williams and Gil Caffray.
The 2007 Industry Leadership Award was awarded to Jane Mendillo, Chief Investment Officer, Wellesley College in recognition of her talent, ethics and passion, which help define the hedge fund industry’s standard of excellence. Ms. Mendillo has overseen the management of the $1.5 billion endowment of Wellesley College since 2002. Prior to becoming Wellesley’s CIO, Ms. Mendillo was a portfolio manager at Harvard Management Company where she was responsible for approximately $7 billion in assets. She joined Harvard Management Company in 1987 and during her 14-year tenure managed equities, private equity, real estate and hedge fund investments. Upon receiving the award Ms. Mendillo remarked "I am thrilled to accept this award from 100 Women in Hedge Funds, and to participate in an evening that celebrates the power of mentoring. It is particularly gratifying to me that Jack Meyer, who has been an important mentor in my professional life, and a major figure in the field of endowment management, could be here this evening."
Ms. Mendillo’s predecessor and mentor, Jack Meyer, Managing Partner and CEO, Convexity Capital and former head of Harvard Management, commented on the Industry Leadership Award saying, "Jane has a fierce intellect, a steely resolve, and incredibly high standards for herself and those around her. She has been quick to master and excel in every position she’s held. For Jane, there are no limits."
The auction, conducted by Eliza Osborne of Sotheby’s, drew in substantial proceeds through the competitive bidding on high-value, luxury lots that were generously donated, including private lunches with Nobel Laureates and powerful business women, a golf trip to New Zealand, wine fantasy camp at the exclusive Napa Valley Reserve, tickets to the Golden Globe awards after party at Chateau Marmont in Hollywood, and a day of fashion and beauty 'behind the scenes' at Teen Vogue.
For those interested in iMentor and 100 Women in Hedge Funds but unable to attend last night’s event, 100 Women in Hedge Funds is hosting a fundraiser in Greenwich, CT for iMentor on Nov 28. To register, please go to http://www.acteva.com/booking.cfm?bevaid=145781.
The financial success of the Gala could not have been made possible without the generous contributions made by the 2007 Chairs Blue Ridge Capital and Tudor Investment Corporation together with many other corporations, and individuals who supported the event. iMentor and the Board of 100 Women in Hedge Funds also recognized the significant efforts of the more than 30 members who gave generously of their time in planning and executing this event.
If you could not participate in the event, but would like to show your support for 100 Women and Hedge Funds and their commitment to iMentor, pledges of all sizes will be accepted through the end of the year.
Checks can be made out to 100 Women in Hedge Funds Foundation and sent to the organization’s Treasurer:
666 Third Avenue, 26th Floor
New York, NY 10017
Credit card donations can be submitted via http://www.acteva.com/booking.cfm?bevaid=122168
BOARD OF 100 WOMEN IN HEDGE FUNDS
Mimi Drake, Defiance Asset Management, LLC
Kristin Fox, HedgeWorld
Dana B. Hall, D.E. Shaw & Co., L. P.
Carol Kim, Lehman Brothers
Anne B. Popkin, BlueCrest Capital
Mindy Posoff, NewMarket Capital Partners LLC
Eve Teich, Silver Point Capital
Joan Werner, Ramius Capital
Amanda Pullinger, Executive Director - 100 Women in Hedge Funds
ABOUT 100 WOMEN IN HEDGE FUNDS
100 Women in Hedge Funds serves over 7,000 alternative investment management investors and practitioners through unique educational, professional development, networking and philanthropic initiatives. Since its first session in 2002, 100 Women in Hedge Funds has hosted more than 150 events globally, connected more than 150 senior women through their Peer Advisory Councils and raised in excess of $13 million for philanthropic causes in the areas of women's health, education and mentoring.
Next year’s Gala will be held on Wednesday, November 19, 2008 and the philanthropic theme will be women’s health.
For further information about 100 Women in Hedge Funds please visit the website at www.100womeninhedgefunds.org
For additional media information contact: Natasha Fedorow, PR Chair - 2007 Gala Committee, at firstname.lastname@example.org
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