The Robin Hood Foundation's annual fundraiser raised $57.4 million on May 14 with a sprawling event that took over Manhattan's Javitz Center. The more than 3,800 guests including George Soros, Steve Cohen and Paul Tudor Jones and stage appearances by Jimmy Fallon, Brian Williams and Rihanna. Bloomberg's Stephanie Ruhle was given exclusive access as the event's organizers planned the evening. Additional footage courtesy Robin Hood Foundation. (Source: Bloomberg)
When Jennifer McCrea -- perhaps the best-connected fundraiser in Manhattan -- meets a billionaire to ask for money, she almost never schleps to his office, instead choosing neutral ground at a local coffee shop.
Barry Sternlicht, the head of real estate investment firm Starwood Capital Group LLC, said there is an abundance of credit available, disputing a comment made by former U.S. Treasury Secretary Lawrence Summers about banks needing to do more lending to stimulate the economy.
Last night’s concert to benefit victims of Hurricane Sandy raised $30 million in ticket revenue, sponsorships and corporate donations, according to the Robin Hood Foundation, which organized the event.
Steven A. Cohen, who closed his hedge- fund firm SAC Capital Advisors LP this year to settle allegations of insider trading, is stepping down as a director of the Robin Hood Foundation after 10 years on the board.