# Fund managers prepare for battle

- Link: https://fundraising.co.uk/2005/11/21/fund-managers-prepare-battle/
- Published: 2005-11-21T00:00:00+00:00
- Author: Howard Lake

A race begins today between Ireland’s top investment houses that will raise over‚
€100,000 for disability charity Rehab. The Rehab Great Investment Race has netted
over ‚€500,000 since it began in 2001. 
This year the charity investment contest
has attraced six players: AIB Investment Managers, Bank of Ireland Asset Management,
HIbernian Managers, Irish Life Investment Managers, Oppenheim Investment Managers
and Setanta Asset Management.

All of the firms have participated in the race before but, as the competition enters
its fourth year, the player to catch is Chris Reilly of Bank of Ireland Asset Management,
who came out on top the past two years running.

Each of the investment firms is given ‚€100,000 and the profit from their investment
goes to Rehab. In the past the investment money for the race was provided by a leading
charitable foundation.

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Frank Flannery, Rehab chief executive, described the managers’ collective effort
as ‘a different kind of fundraising.’ He pointed out that, by entering, the competitors
are putting themselves through a very public test.

Mr Flannery reminded them, however, that their efforts have raised a very substantial
sum for Rehab’s autism services.

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