|
Trading Day - October 15, 2007
- 22 million equity shares traded
- $750,000 in commissions raised
- 100% of funds donated to support Youth, I.N.C.’s programs and services (no overhead)
On October 15, 2007, over 22 million equity shares were traded through Jefferies & Company, Inc. and designated to Youth, I.N.C. More than 50 firms participated in the day and helped to generate $750,000, a 58% increase from 2006. Top participating firms by volume of shares traded included Citadel Invesment, Glenview Capital, Goldman Sachs, Highbridge Capital, SLS Capital and TPG Axon Capital.
Trading Day provides a vehicle for the hedge fund and greater financial community to support Youth, I.N.C. and its venture philanthropy model that empowers, develops, and educates nonprofit organizations serving young people.
State of the Market - October 1, 2007
Two weeks prior to Trading Day, over 200 investment professionals turned out for Youth, I.N.C.'s First Annual State of the Market: Hedge Fund & Private Equity Panel. Held at the Metropolitan Club of New York City, the event featured a panel discussion among leaders in the private equity and hedge fund industries, including: Richard P. Schifter of TPG Capital, Richard J. Schnall of Clayton, Dubilier & Rice, Ted Virtue of MidOcean Partners, Marc Lasry of Avenue Capital Group, Larry Robbins of Glenview Capital Management, and Dinakar Singh of TPG Axon. Greg Zuckerman of The Wall Street Journal served as moderator. The evening concluded with eloquent remarks by two young women who have benefitted from one of Youth, I.N.C.'s partner organizations, PowerPlay NYC, Inc. Their speeches were a perfect ending to the evening and helped to inspire the success of Trading Day!
Thank you to the Trading Day Committee:
Andrew Bilzin
SLS Capital
Jeremy Carton
JMB Capital Partners, L.P.
Joseph F. Coughlin
Corporate Risk Solutions, LLC.
Robert T. Discolo
AIG Global Investment Corp.
Robert H. McCooey
NASDAQ
Joseph L. Russell
Citadel
Joseph Tymeck
Jefferies & Co., Inc.
Harry J. Wilson
Silver Point Capital, L.P.
For more information or to participate in future Trading Day events contact
Hope Clements at hclements@youthinc-usa.org
Youth, I.N.C. (Improving Non-profits for Children)
Youth, I.N.C. improves the lives of America’s youth through a unique venture philanthropy model that empowers, develops, and educates nonprofit organizations serving young people. By applying venture capital strategies, Youth, I.N.C. helps nonprofits grow and become more sustainable.
We connect the corporate and nonprofit sectors, developing and encouraging relationships that expand over time.
We invest time, expertise, and resources to empower both nonprofits and corporate supporters.
We build upon this foundation of helping nonprofits expand and develop even further.
Jefferies & Co., Inc.
Jefferies, a global investment bank and institutional securities firm, has served growing and mid-sized companies and their investors for 45 years.
The firm provides capital markets and financial advisory services, institutional brokerage, securities research and asset management. Jefferies & Company, Inc. is the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF; www.jefferies.com).
Youth, I.N.C. greatly appreciates Jefferies' sponsorship and dedication to the organization's mission for the second year.
Win J. Neuger, CFA
Chairman & Chief Executive Officer
AIG Investments
Executive Vice President & Chief Investment Officer
American International Group, Inc.
Mr. Neuger is responsible for directing AIG Investments’ strategies on a worldwide basis. He is also an Executive Vice President and Chief Investment Officer of AIG. Mr. Neuger joined AIG Investments in 1995, with investment management experience since 1973. Before joining AIG Investments, he was with Bankers Trust Company, where he served both as Managing Director, Fixed Income and, subsequently, Managing Director, Global Equities. Prior to joining Bankers Trust, Mr. Neuger served as Chief Investment Officer at Western Asset Management. He was also the Head of Fixed Income at Northwestern National Bank in Minnesota. Mr. Neuger received an AB from Dartmouth College and an MBA from Dartmouth’s Amos Tuck Graduate School of Business. He is a CFA charterholder and a member of the New York Society of Security Analysts (NYSSA), the CFA Institute, and the Council on Foreign Relations.
Richard P. Schifter
Partner
TPG Capital
Mr. Schifter has been a partner at TPG Capital since 1994. Prior to joining Texas Pacific Group, Mr. Schifter was a partner at the law firm of Arnold & Porter in Washington, D.C., where he specialized in bankruptcy law and corporate restructuring. Mr. Schifter joined Arnold & Porter in 1979 and was a partner from 1986 through 1994. Mr. Schifter is a member of the District of Columbia Bar and graduated cum laude from the University of Pennsylvania Law School in 1978. He received a B.A. with distinction from George Washington University in 1975.
Richard J. Schnall
Partner
Clayton, Dubilier & Rice
Mr. Schnall has been with CD&R since 1996. Before joining CD&R, Mr. Schnall worked in the Investment Banking Divisions of Smith Barney & Co. and Donaldson, Lufkin & Jenrette, Inc., where he focused on out-of-court restructurings. He is a graduate of the University of Pennsylvania’s Wharton School and holds an M.B.A. degree from Harvard Business School. He is a Director of Brakes, SIRVA and VWR.
Ted Virtue
CEO
MidOcean Partners
Mr. Virtue is the Chief Executive Officer of MidOcean. Prior to his current position, Mr. Virtue was Chief Executive Officer of DB Capital Partners, the captive merchant bank of Deutsche Bank and had oversight for the bank’s $35 billion direct investment portfolio. Mr. Virtue also served on the Deutsche Bank Executive Board. Prior to Deutsche Bank’s acquisition of Bankers Trust Company (“Bankers Trust”), Mr. Virtue was President of BT Alex. Brown Incorporated and Executive Vice President and Head of Global Finance at Bankers Trust. Before joining Bankers Trust, Mr. Virtue was a Senior Vice President at Drexel Burnham Lambert. Mr. Virtue is a graduate of Middlebury College.
Marc Lasry
Founder and Senior Managing Director
Avenue Capital Group
Mr. Lasry is one of the pioneers of the distressed securities market. Mr. Lasry is a Founder and Managing Partner of Avenue Capital Group, the distressed fund manager with assets totaling over $5 billion. He is also the Founder and Senior Managing Director of Amroc, one of the largest broker/dealers of distressed securities. Mr. Lasry previously was Co-Director of the Bankruptcy and Corporate Reorganization Department at Cowen & Company. Prior to that time, he served as Director of the Private Debt Department at Smith Vasiliou Management Company. Previously, Mr. Lasry specialized in bankruptcy law at the New York law firm of Angel & Frankel. He holds a B.A. from Clark University and a J.D. from New York Law School.
Larry Robbins
Founder, Portfolio Manager and CEO
Glenview Capital Management
Mr. Robbins is the Founder, Portfolio Manager, and CEO of Glenview Capital Management. Glenview has more than $7B in assets under management split between the Glenview Funds (US long/short) and the Little Arbor Funds (diversified, multi-strategy). Prior to forming Glenview, Mr. Robbins spent six years as an analyst and partner at Omega Advisors.
Dinakar Singh
Founder, Portfolio Manager and CEO
TPG Axon
Mr. Singh is the founding partner of TPG- Axon Capital, a leading global investment firm. Through offices in New York, Hong Kong, and Tokyo, TPG-Axon invests over $6 billion of investor capital in public and private markets across the world. He was previously a partner at Goldman Sachs, where he was co-head of the Principal Strategies department.
Ross L. Stevens, PhD
Co-Head, Equities
Jefferies & Co. Inc.
Mr. Stevens is Co-Head of Equities at Jefferies & Company, Inc. and is Co-Head of the Firm’s Equity Operating Committee. Previously, Mr. Stevens was Chief Operating Officer for Equities and the Head of Electronic Trading Services for Global Markets at Banc of America Securities LLC. Mr. Stevens began his career on Wall Street with Goldman Sachs & Co. He received a PhD in Finance and Statistics from the Graduate School of Business at the University of Chicago, and a BSE from The Wharton School of the University of Pennsylvania.
Stephen K. Orr
Executive Director
Youth, I.N.C.
Mr. Orr, former Goldman Sachs banker, left Wall Street in 1991 and formed Orr Associates, Inc. (OAI), a professional consulting firm dedicated to helping nonprofit clients advance and market their philanthropic causes. In building his business, Mr. Orr was struck by an apparent and critical need for support among youth organizations, which were often smaller, more grassroots efforts. He often found the organizations lacked the management expertise or capacity needed to expand their work, given the limited financial resources available to them. Mr. Orr recognized that with greater support, these youth organizations could collectively and more efficiently achieve what might very well be out of their reach individually. Calling upon his Wall Street relationships, in 1994 Mr. Orr founded and is currently the Executive Director of Youth, I.N.C. to address these needs. Over the past 13 years, Youth, I.N.C. has raised more than $16 million for over 70 nonprofit organizations.
Special thanks to Win Neuger, Rick Schifter, Rick Schnall and Ted Virtue who currently serve on the Youth, I.N.C. Board of Directors as well as Marc Lasry who is a member of the Youth, I.N.C. National Advisory Board.
|
|
