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November 20, 2003

New York, NY, November 20, 2003 - More than $2.4 million was raised for the Right Start/Infant Academy (Excellence Baby Academy) and The After School Corporation (TASC) /New York City Department of Education After School Programs at 100 Women in Hedge Funds 2nd Annual Gala fundraiser.  This year's event netted more than triple the amount raised last year. The black-tie event was held on November 18th at Cipriani on 42nd Street with more than 670 in attendance.

"We are extremely grateful to our members and supporters for contributing so generously in the current climate of declining philanthropic contributions," said Leslie Rahl, Chair of the 100 Women in Hedge Fund Philanthropy Committee and a member of the 100 Women in Hedge Funds Executive Committee.

At the event, The 100 Women in Hedge Funds Foundation honored legendary hedge fund investor George Soros and Elaine Crocker, President of Moore Capital.  The "100 Women in Hedge Funds' Effecting Change Award" was presented to George Soros for his contribution to education. Elaine Crocker was presented with the "100 Women in Hedge Funds' Industry Leadership Award" for her dedicated work as a pioneer in the hedge fund industry.

Proceeds from the gala will be donated to two organizations:

The Right Start/Infant Academy (Excellence Baby Academy) is a program developed in conjunction with the Robin Hood Foundation, which will focus on early childhood development, by working with children and their parents in under-served neighborhoods. Paul Tudor Jones, Chairman and Founder of Tudor Group, and Gala Chairperson said, "We need to get children and their parents involved in education at an early age if we are going to break the cycle, and you can't get much earlier than conception.  The Right Start/Infant Academy (Excellence Baby Academy) will focus on the need for comprehensive education for families with kids from conception to kindergarten age, an area in desperate need of support and funding."

TASC / New York City Department of Education After School Programs also received funding to expand its after school opportunities for middle school students.  TASC is unique in that for every dollar raised, they lever the contribution 3:1.  "Our goal is make after school programs available to all students who want it by 2010," said George Soros. Joel Klein accepted the check for the After School Programs.

It was announced at the gala that the friends and colleagues of Elaine's at Moore Capital have endowed the "Elaine Crocker Literacy Program" for TASC.  This generous gift in her honor will provide 45 after school programs with books, library support and training and it will encourage thousands of middle school children to read, which is one of the best ways to lead them out of poverty.

"To be honored by one's peers is the greatest honor one can have, and I am proud of the work 100 Women in Hedge Funds is doing to create more opportunities for women in our thriving industry," said Elaine Crocker.

The gala Chairs were Sonia and Paul Tudor Jones. Vice Chairs included Bear Stearns & Co., Inc.; Deutsche Bank Global Markets; Goldman Sachs & Co.; Louis M. Bacon, Moore Capital Management, LLC; JP Morgan Chase; Morgan Stanley; and Soros Fund Management.

The event featured both a silent and a live auction. The live auction was conducted by James G. Niven, Vice Chairman, Sotheby's and highlights included a dinner party cooked in your home by famed chef David Bouley with eight bottles of wine, including two bottles of Chateaux Lafite '85, courtesy of David Bouley and Anderson, Kill & Olick; a one-on-one lunch with George Soros; and a fishing trip to a private island, among numerous other prizes. Due to the high demand for the Bouley dinner, the donors agreed to provide the dinner and wines to a second bidder who matched the high bid.  Also, George Soros, who was in attendance, agreed to offer his private lunch to three bidders.  The crowd's enthusiasm and generosity created an extremely enjoyable evening and successful event.

The 100 Women in Hedge Funds Foundation was incorporated as a not-for-profit organization in the State of New York in July 2003.  The Foundation was established to support and carry out the charitable functions of the 100 Women in Hedge Funds Association, Inc., a trade association whose 1,900 members are women professionals in the hedge fund and related industries.

Donations are still being accepted and should be made out to "TASC/100 Women in Hedge Funds" and can be sent to 100 Women in Hedge Funds c/o Capital Market Risk Advisors, Inc. 101 East 52 Street, 30th floor, New York NY, 10022 or via credit card http://www.100womeninhedgefunds.org.

Executive Committee
Amanda Pullinger, Aquamarine Capital Management, LLC ▪ Leslie Rahl, Capital Market Risk Advisors, Inc. ▪ Carol Kim, Continuity Capital, LLC ▪ Sarah Dyer, Credit Suisse Asset Management ▪ Kristin Fox, Hedgeworld.com ▪ Dana B. Hall, Lighthouse Partners, LLC ▪ Joan P. Werner, Lincoln Financial Group ▪ Mindy M. Posoff, NewMarket Capital Partners, LLC ▪ Mimi Drake, Schlarbaum Capital Management ▪ Eve R. Teich, Silver Point Capital ▪ Kathleen M. Kelley, Vantis Capital Management.

Gala Committee
Amanda Pullinger, Aquamarine Capital Management, LLC ▪ Leslie Rahl, Capital Market Risk Advisors, Inc. ▪ Carol Kim, Continuity Capital, LLC ▪ Sara Michel, ING Alternative Assets ▪ Joan P. Werner, Lincoln Financial Group ▪ Natasha Federow, Pine Grove Associates ▪ Alexandra Poe, Prudential Financial ▪ Kathleen M. Kelley, Vantis Capital Management.

Benefit Committee
Steve Bruce, The Abernathy MacGregor Group Inc ▪ Gena Lovett, Alexandra Investment Management ▪ Erika Cramer, Alternative Access Capital LLC ▪ Leroy Cody, American Express ▪ Mark Mooers, American Express ▪ Jolyne Caruso, Andor Capital Management ▪ Suzanne Currie, Ardsley Partners ▪ Balyasny Asset Management, LLC ▪ Steven Starker, Bass Trading ▪ Leslie Rahl, Capital Market Risk Advisors, Inc. ▪ Catequil Capital management ▪ Kenneth C. Griffin, Citadel Group Foundation ▪ Citigroup ▪ Colin Smith & Bonita Sarazin ▪ Deephaven Capital Management, LLC ▪ Eva Siekierski, Deutsche Bank ▪ Pamela Speer, Deutsche Bank ▪ DKR Capital Partners, LP ▪ Stanley Druckenmiller ▪ Michael Inserra, Ernst & Young, LLP ▪ Fairfield Greenwich Group ▪ Patrice Gallagher ▪ Gallatin Capital LLC ▪ Michael & Melanie Garfinkle ▪ Gartmore ▪ Anthony & Lorraine Gibbons ▪ William & Betsy Goodell ▪ Daniel Edwards, Heidrick & Struggles ▪ Susan Soh & Barbara Donahue, Highbridge Capital Management, LLC ▪ Annette Cazenave, Horizon Cash Management, LLC ▪ Diane Mix, Horizon Cash Management, LLC ▪ Ivy Asset Management ▪ K2 Advisors ▪ Kathleen Blenke, Kaintuck Capital Management ▪ Kingdon Capital Management, LLC ▪ Seth Goldstein, Majestic Research ▪ Merrill Lynch ▪ Peter Borish, One Chicago Dwight Anderson, Ospraie Funds ▪ Pequot Capital Management ▪ Christopher & Mary Pia ▪ Pine Grove Associates Jim Pallotta, Raptor Funds ▪ Dr. Cynthia McIntyre, Rensselaer Polytechnic Institute ▪ Kevin & Joanne Shannon ▪  Jennifer Ancker, Stadia Capital ▪ Karen Cook, Steinhardt Partners ▪ Tremont Capital Management Tudor Investment Corporation ▪ Bill Richards, UBS ▪ Vantis Capital Management ▪ Tiger Williams, Williams Trading Emily M. Ziegler, Willkie Farr & Gallagher.

For media information contact:
Steven Bruce/ Kayt Makosy
Abernathy MacGregor Group

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