‘INVEST FOR KIDS’ RAISES $1.1 MILLION DOLLARS TOP GLOBAL MONEY MANAGERS "DONATED" INVESTMENT ADVICE BENEFITING CHICAGO CHILDREN'S CHARITIES
(Chicago, IL, Nov. 14, 2011) Top money managers from around the world presented their coveted ideas to a packed crowd of almost eight hundred at the Third Annual “Invest For Kids” Conference on November 9, 2011 at Chicago's Harris Theater. The investable ideas conference raised $1.1 million all of which will directly benefit seven local children’s charities. The crowd was a collection of the most respected and prominent family offices, hedge funds, asset managers, and investors in the Chicago investment community.
Ticket prices for this high profile event started at $1,000 ($500 for those under thirty-five years of age), yet many donated well over the entrance fee further contributing to its success. Event co-founders Ron Levin (Goldman Sachs) and Ben Kovler (Blum-Kovler Foundation) underwrote the costs of the event so that 100% of the money raised went directly to the beneficiaries.
The 2011 presenters included Sam Zell, Michael Milken, Leon Cooperman, Richard Perry, Barry Sternlicht, Michael Elrad, John Keeley, Marc Lasry, Barry Rosenstein, and Tom Russo. All of the speakers, most of whom do not speak or share their ideas publicly, provided their insight at no charge. Barry Sternlicht, founder of the Starwood hotel chain, focused on the potential turnaround in the US housing market stating it is not a matter of if, but when the rebound occurs. Well known real estate investor Sam Zell spoke about the attractiveness of emerging markets, particularly Brazil. He highlighted their self-sufficiency in energy and natural resources while pointing out their youthful demographics.
From value to growth in debt, equity, real estate, emerging markets, macro-economic policy, and more, the high profile money managers presented diverse investable ideas to interested listeners. “That’s what makes Invest For Kids truly unique,” said Ben Kovler. “We unite the Chicago investment community at an event centered around great investment ideas from a broad group of world class managers. Exposing the attendees to the speakers’ ideas while simultaneously helping children’s charities in Chicago is a true win-win.”
Invest For Kids was a tremendous success. “By design, the seven charities we chose are all smaller organizations with modest budgets,” said Ron Levin. “Our gifts, approximately $150,000 per organization, will represent 10-20% of their operating budgets and allow these organizations to grow many critically important programs benefiting the lives of so many children.”
For more information, visit www.investforkidschicago.org or call 312-664-5050.