Four Bermudian charities stand to benefit from some deep-pocketed philanthropists, as the investment management organisation Hedge Connection chose local groups to reap benefits from an asset allocation competition.

“It was important for us to select and support charities that serve specific causes I had identified, including poverty prevention, women’s empowerment, children affected by substance abuse, and arts education,” said Lisa Vioni, CEO of Hedge Connection.

Along with investors, Hedge Connection itself will give to the charities Family Centre, PRIDE, Women’s Resource Centre and the Bermuda National Gallery. TechnoServe, based in Washington, DC, will also benefit.

Hedge Connection has organised a Global Fund Forum to be held on the Island from June 22 to 24.

The event will include a competition in which each competing investment manager will donate to one of the five charities.

The company will also give to the helping organisations through a May 15 to June 21 stock-picking contest, the GFF Bermuda Challenge, organised with the group Portfolios with Purpose.