New York (HedgeCo.Net) – Hedge fund manager Nelson Saiers has updated us here at HedgeCo saying, ” On the eve of Sandy, I’ve decided to waive the criterion on Banksy and just donate the money to benefit underpriviledged children. I still have 142,000 of anonymous donations whose donors are waiting for Banksy.”
The official statement reads:
“As the anniversary of Hurricane Sandy is upon us, I’ve decided to waive the criterion on my original letter and will donate the original $100,000 to World Vision to benefit underprivileged children in Sandy affected areas. At this point, the anonymous donors are waiting to see if you will accept the original offer before donating the remaining $142,000. As art is subjective, if you have already completed a piece fulfilling the requirement please contact me. Speaking of great art, during your residency if you haven’t seen Swoon’s Hurricane Sandy mural you should check it out. She’s doing an amazing thing.”
Nelson Saiers is a former managing Director at Deutsche Bank and CEO of hedge fund Saiers Capital (formerly Alphabet Management). Nelson also has an affiliation with charity: water, which attempts to provide clean water to those in developing countries. Nelson is a Founding Member of The Well, a core group of donors.
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