Alternative Investment Management Association Representing alternative asset managers globally
In 2013 we published ‘Contributing to Communities’, the first review of its kind of the charitable and philanthropic activities of the hedge fund industry worldwide. The industry has always engaged in charitable giving and philanthropy. In this report, we focused just on those activities that are in the public domain (much charitable activity being private).
The 44-page report gave a detailed picture of the global hedge fund industry’s public charitable activities. It found these to be widespread. Hedge fund managers and staff were found to be engaged with charities in a multitude of different ways, from workplace-giving schemes and industry fundraising campaigns for charity to individual examples of philanthropy.
The report focused on the beneficiaries of hedge fund industry giving around the world, including schools, colleges, hospitals, community facilities and cultural landmarks. And it outlined some of the additional benefits of the industry’s activities including improvements to charities’ strategic planning and operations.
The findings were based on interviews with individuals at charitable bodies and hedge fund manager firms and on publicly-available data from organizations, companies and individuals. The report’s findings were based on interviews with individuals from the hedge fund industry who are active in the charity sector and representatives of charities, which were carried out during 2012 and 2013. Those responses were used in tandem with publicly available data on the financial and social activities of hedge fund charities to gain a detailed picture of global hedge fund charitable activity.
The RICE fund, a hedge fund industry
Workers at the Connection at St-Martin-in the-