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Report: Philanthropic Endeavors in the Hedge Fund Industry

May 01, 2013
Jing Chen

The Alternative Investment Management Association’s first global review of charitable activities in the hedge fund industry indicates that philanthropy is widespread in the U.S.

The survey shows that the U.S., which is the largest jurisdiction globally where hedge fund managers are based, is the most generous contributor to philanthropic causes. The U.S. as a whole donated nearly $300 billion to charitable causes in 2010 and 2011, compared to $12.3 billion in the U.K. for 2011 and 2012.

Some of the largest donations from the hedge fund community include George Soros’ Open Society Foundation, which directed $742 million toward various causes in 2010 and Paul Tudor Jones’ Robin Hood Foundation which gave about $146 million in grants to a multitude of poverty-fighting organizations in New York City last year.

The European hedge fund industry is the second biggest contributor to philanthropic causes after the U.S. One of the region’s most successful charity organizations is ARK – set up by EIM founder Arpad Busson—which has raised nearly $238 million toward children’s health and education around the world.

Most of the funding from the industry is focused toward helping causes in the developing world, particularly Africa.

AIMA, the global hedge fund association, based the report on interviews with hedge fund firms and managers, as well as on publicly-available data from organizations, companies and individuals.


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