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Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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HF Manager Promises Donation to Charity if Artist Create Hurricane Sandy Piece

Oct 06, 2013
Jing Chen

Hedge fund manager Nelson Saiers is hoping to team up with graffiti artist Banksy.

Saiers Capital chief investment officer Saiers offered to donate $100,000 to support Hurricane Sandy efforts in exchange that Banksy raise awareness of the catastrophe through hurricane-related pieces, according to a letter Saiers wrote that was posted on the graffiti artist’s website.

Saiers also said in the letter that Banksy must not break the law and must “respect personal property rights” in creating the pieces.

Hurricane Sandy left a reported 110 people dead in the U.S. and millions without power after the storm hit the Atlantic in October of last year.

Saiers is not the only hedge fund professional seeking to help victims of 2012’s most destructive hurricane. The Robin Hood Foundation, founded by hedge fund veteran Paul Tudor Jones, has allocated over $14.7 million in grants to more than 140 different groups who were providing those people impacted in the New York City area with everything from blankets to generators.

 

 

 

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