- Title: CHINA: Hedge funds outperform at Hong Kong "fight night"
- Date: 29th October 2010
- Summary: HONG KONG, CHINA (OCTOBER 29, 2010) (REUTERS) BOXING ARENA WOJCIECH "THE PROFESSOR" BENDORF-BUNDORF JUMPING IN RING JUDGES OPPONENT IN RED MASK LADIES IN CROWD BOXERS FIGHTING CROWD CHANTING BOXERS FIGHTING SPECTATORS REFEREE LIFTING UP WINNER'S ARM CROWD CHEERING (SOUNDBITE) (English) WOJCIECH "THE PROFESSOR" BENDORF-BUNDORF, SAYING: (AUDIO DOUBLED) "We trai
- Embargoed: 13th November 2010 12:00
- Keywords:
- Location: China
- Country: China
- Topics: Light / Amusing / Unusual / Quirky
- Reuters ID: LVA2KQTW0J1WTS2QSGTNSF544418
- Story Text: It was the kind of opportunity loss-stricken investors probably wished for in the worst months of the financial crisis: getting a bunch of hedge fund managers in a boxing ring and pummeling them.
But the mood at the hedge fund "fight night," held in Hong Kong late on Thursday (October 28), was exuberant, as managers and executives slugged it out, raising thousands of dollars from tickets and an auction for charity.
After weeks of grueling training, only 12 of over 44 volunteers made the cut -- with six matches crowning six winners at the end of the night..
The 12 contenders, whom the host for the evening said had never donned a pair of boxing gloves (professionally) before they signed up for the fight night, began training in July.
"We trained at least three times a week since the beginning of July and the last couple of weeks, it was almost every day," said Wojciech "the Professor" Bendorf-Bundorf who won the last bout against "Pistol" Pete Robinson.
"It's hard to combine it with an every day job but we made some other commitment. So you don't go out, you sort of live like a monk for a couple of weeks. But then it's paying off right now," he added.
With training intensifying in the final weeks, most of the night's boxers seemed relieved to break free.
"I needed to get fit,"' said first round winner, Mark "Money" Hiriat. "I had moobs and now they're gone. And I'm here, and I'm cut and I'm ready to fight," he said, sucking on his gold medal.
The fight night aims to raise HK$1m ($130,000) for Operation Smile, to repair children's facial deformities and Operation Breakthrough, to combat crime and juvenile delinquency in low-income and immigrant communities. - Copyright Holder: REUTERS
- Copyright Notice: (c) Copyright Thomson Reuters 2011. Open For Restrictions - http://about.reuters.com/fulllegal.asp
- Usage Terms/Restrictions: None