Hedge fund-back charitable organization, Help for Children, will be honoring Marathon Asset Management’s Bruce Richards at its 16th annual New York Open Your Heart to the Children Benefit.
Richards, the managing director and CEO of New York-based Marathon, will receive HFC’s “Award for Caring” at the gala on March 6 for his commitment to philanthropy. Some of the organizations Richards has supported include Safe at Home, Earth Day Network, UJA, the Birds Nest Foundation and the R Baby Foundation.
HFC president Dean Backer, who is also the global head of sales and capital introduction in the global securities services business at Goldman Sachs, added that Richards and Marathon “have been significant supports of HFC and are very deserving of this honor.”
Approximately 1,000 hedge fund executives are expected to attend the gala.
Help for Children, formerly known as Hedge Funds Care, has awarded 1,000 grants totaling more than $37 million to programs focused on preventing and treating child abuse since its inception in 1998.