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100 Women Announce Second Annual Gala Event

August 20, 2003

NEW YORK (HedgeWorld.com)-The members of 100 Women in Hedge Funds are planning their second annual gala for Nov. 18, honoring hedge fund legend George Soros and Elaine Crocker, president of Moore Capital Management Inc., a prominent hedge fund firm.

Organizers will present Mr. Soros with its "100 Women in Hedge Funds Effecting Change Award" for his contribution to education. Ms. Crocker will receive the "100 Women in Hedge Funds' Industry Leadership Award," for her work as a pioneer in the hedge fund industry.

Meanwhile the proceeds from the dinner, which will be held at New York's Cipriani 42nd Street again, will go to two educational charities: Right Start/Infant Academy (Excellence Baby Academy) and The After School Corporation.

The Right Start/Infant Academy (Excellence Baby Academy) program will be developed in conjunction with Robin Hood Foundation, a charity started and supported by hedge fund professionals. The charity's goal is to work with children and parents in under-served New York neighborhoods focusing on early childhood development.

Founder of the Robin Hood Foundation Paul Tudor Jones, who is also founder of Tudor Group, will chair of the event. Vice chairs include: Louis M. Bacon, chairman and chief executive of Moore Capital, Soros Fund Management and Deutsche Bank Global Markets; Goldman, Sachs & Co.; and J.P. Morgan.

The 100 Women benefit committee also includes: Advent Software Inc.; DKR; Gartmore; Diane Mix and Annette Cazenave of Horizon Cash Management; Pine Grove Associates; and Karen Cook of Steinhardt Partners.

Meanwhile, TASC and New York City Department of Education After School Programs will get funding to expand their work with middle school students. Of particular appeal to hedge funds is that TASC will lever every dollar raised three to one, to maximize the group's impact.

"This is more than just a financial commitment to these charities," Leslie Rahl, chair of the philanthropy committee, said in a statement. "Our goal is to help design, document and test these programs and then roll these important programs out nationwide."

100 Women has quickly grown to total 1,900 members, who are women professionals in the hedge fund and related industries. The group's first gala, last December, raised almost US$1 million for breast cancer research.

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