Charity & Investment Merger Arbitrage Fund managed by CIAM, a French asset manager has donated EUR 10,000 to MC Charity Foundation (the official registered name M. Čiuželio labdaros ir paramos fondas). This is already the second and so far the largest donation received from a hedge fund by MC Charity Foundation while France became the seventh foreign country-donor supporting our activities.

„We are very pleased with the support received from CIAM, which will further strengthen the development of our activities and we are extremely happy to see business relationship turning into a mutual philanthropic project“, – said Marius Čiuželis, co-founder and the Manager at MC Charity Foundation. 

Hedge funds are often criticized for their high fees charged, however their philanthropic activities are rarely noticed. „During tenure of our professional lives researching and selecting hedge funds we met a number of managers who started their funds with a single reason to support their charitable works“, – said M. Čiuželis.

This is the second and so far the largest donation received from a hedge fund by MC Charity Foundation (last year the Foundation was granted EUR 1 000 Eur donation by Luxembourg based hedge fund manager). France became the seventh foreign country-donor who supports our activities after Germany, Hong Kong, Luxembourg, Netherlands, Singapore and USA. Since we have started our activities the donors from foreign countries donated more than EUR 12 000 or almost 11% of the total donations received.