Hedge-fund managers including David Tepper, Ray Dalio and Daniel Loeb will help raise $5 million to fight poverty in New York by sharing some of their best trading ideas with attendees of the Robin Hood Foundation’s inaugural investors conference, said the charity’s executive director.
Attendees “are going to get some of the best tips they ever had,” David Saltzman said in an interview with Bloomberg Television’s Stephanie Ruhle today.
Appaloosa Management LP’s Tepper, Bridgewater Associates LP’s Dalio and Third Point LLC’s Loeb will be joined at the conference, which starts today, by former U.S. Treasury Secretaries Timothy Geithner, Henry Paulson and Lawrence Summers. Attendees paid $7,500 each for the chance to hear speakers discuss financial markets and where people should invest their money in the year ahead.
Robin Hood is a New York charity dedicated to fighting poverty that was founded in 1988 by Tudor Investment Corp.’s Paul Tudor Jones. It focuses on finding, funding and creating programs and schools for families in the city’s poorest neighborhoods, according to its website. Bloomberg LP is a media sponsor of the Robin Hood conference.