This year’s top 10 stories included a peek into AustralianSuper’s international equities build out in London, AMP’s move to slash employee benefits, and plenty of hard-hitting analysis of the issues that matter in institutional investment. But the real story is how readers helped shape all of that coverage.
Orbis’ Stuart Place is riding from Melbourne to the Moon and Back to fund a treatment for the “monster of a disease” that his youngest son was born with. The investment industry is rallying behind him.
$40k target for CereCare at conference dinner
IO&C is hopeful of raising $US40,000 for the Shanghai-based CereCare charity for disabled children in China with a gala dinner at next April’s conference at the Hyatt on the Bund.
A proportion of the funds will go to the supply of new wheel chairs and the remainder to contribute to the provision of a special school for more than 150 children with cerebral palsy or related disabilities, as well as a sheltered workshop. IO&C organisers and an associated company planning to attend the event, La Trobe Financial, have already committed $10,000 by way of donations.
CereCare’s executive administrator, Windy Fang, says the charity gets by on a budget of about $US170,000 a year, including modest wages for the 47 staff, rent and meals for about 30 children.
Because the founder, Lu Shunling, who is severely affected by cerebral palsy but who has provided a lot of the funding for the charity to date through an inheritance, is 78 years of age, there is a concerted effort to make the organization self-perpetuating.
While they are getting close to this aim, the addition of a new school requires a significant increase in funding.
Administration of the fund-raising is being overseen by the Sydney-based Cerebral Palsy Alliance.
