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Prince William Helps Hedge-Fund Charity Raise 17 Million Pounds

Prince William and the Kings of Leon helped Absolute Return for Kids raise 17.2 million pounds ($28.1 million) at the charity’s 10th annual dinner in London last night, a sign that the hedge-fund industry continues to recover from the global recession of 2008.

The amount raised topped last year’s total by 3.1 million pounds, as more than 1,000 money managers and bankers filled a building at Kensington Palace Gardens. The Grammy-winning Kings of Leon jammed through a set of songs after agreeing to auction off a guitar to help orphans in Romania and provide medical treatment to AIDS patients in Africa.