Taste of New York

Wall Street a bull market for St. Jude

Some of Wall Street's top financial firms came together on Nov. 16 to celebrate Wall Street's 15th annual Taste of New York benefiting St. Jude Children's Research Hospital.

More than 550 financiers filled Pier Sixty in New York City to raise funds for St. Jude Children's Research Hospital. Attendees sampled cuisine from many of the area's top restaurants including Bobby Van's, Café Pierre and Butter Restaurant. The event raised $1.8 million for St. Jude.

"We participate in this event every year because we know the money we raise will help children in our area and around the country," said committee co-chair Geoffrey Jones of Highlander Asset Management.

In addition to sampling some gourmet cuisine, guests had the opportunity to bid on a number of auction items including a golf foursome with Lee Trevino, a trip to the Dominican Republic and Paradise Island, an exotic one-day Ferrari rental from Gotham Dream Cars, autographed sports and celebrity memorabilia from the New York Knicks, New York Jets and Memphis Grizzlies and a Hollywood package from Tom Hanks, Ray Romano, Jim Belushi and others.

Taste of New York is organized by a committee of more than 40 investment professionals representing nearly every major stock and investment firm in the industry.

Since the first event, held in 1990, the committee has been dedicated to raising funds and public awareness for St. Jude.

"Wall Street is an amazing group of individuals who come together as a family during times of need," Jones said. "And every year, during this time, we come together because the kids of St. Jude Children's Research Hospital need us."

Since the first Taste of New York, the Wall Street community has raised more than $20 million and has helped support various programs at St. Jude including gene therapy, bone marrow transplantation, immunology and AIDS vaccine research.

This year's proceeds will support the brain tumor program at St. Jude. St. Jude has the only brain tumor program in the world that is devoted entirely to children.

In addition to the Nov. 16 event, several firms are holding special trading days during which designated commissions will be donated to St. Jude. McNamara's (PHLX) trading day was held on Nov. 11; East Shore Partners trading days will be from Nov. 17-19; and Tradition Financial Services will also be hosting a trading day.

"Wall Street has once again demonstrated their compassion for the children at St. Jude," said Richard C. Shadyac, chief executive officer for ALSAC, the hospital's fund-raising arm.


November 2004