Hedge fund managers raise $ 28 M Kids ' charity

Hedge fund managers, British royalty, elite backers and celebrities gathered at the international children's charity absolute return for Kids (ARK) Thursday for a charity dinner.

Representing the hedge fund industry was ARK President Ian Wace Marshall Wace and ARK Foundation President Arpad Busson EMI Group.

The Duke and Duchess of Cambridge was also present, speaking on behalf of Prince William and Prince Harry, the Foundation's behalf.

After a tough time for hedge funds and fundraising campaign 2009 participants came out in full force, putting down over 16 000 $ per plate.

ARK's gala dinner served to raise 28 million dollars for SHEET applications.

ARK has pledged 1.6 million dollars for the treatment of root avi rus, which causes serious diarrhoea and can be fatal for children and infants. U.K. Government committed match funds for SHEET treatment programme in Zambia.

ARK also raised funds for the health of mothers and newborn babies programme in Zimbabwe.

Arpad Busson began in 2002, the ARK.

Over the past nine years, more than 200,000 children benefited from ARK program, according to a release.