A group representing women in the global hedge fund sector has taken time out from chasing returns to give almost $51,000 to a project helping young woman and single mothers in economic difficulty.

A global organisation of women in the hedge fund industry has raised €48,000 (about $50,970) for a project aimed at helping girls and single mothers in economic difficulty - another example of how figures in the sector are trying to break down the male-dominated image of modern finance. 

The 100 Women In Hedge Funds group raised the money for EDU Care, a project developed by Fondazione Zanetti Onlus (FZO) and SOS Villaggi dei Bambini Onlus. 

The gala event’s special guest was Alena Seredova, ambassador of SOS Villaggi dei Bambini Onlus. The Duo Ferrandino-Guidi, an ensemble of chamber music formed by the pianist Sara Ferrandino and the mezzo-soprano Virginia Guidi, opened the gala with a programme dedicated to female composers.

Later in the evening, guests were entertained with a live auction by Christie's Renato Pennisi, senior specialist in Post-War and Contemporary Art.

During its 14 years in existence, 100 Women in Hedge Funds has helped more than 13,000 professionals, and raised more than $38 million for philanthropy.