Submitted by Maggie Kulbokas

400 financial execs and over 50 kids and their siblings play in the “Expect Miracles East Coast Charity Classic”

During the Expect Miracles East Coast Charity Classic, a Kids Golf Clinic sponsored by John Hancock Financial Services brought more than 400 of the area’s top executives together with over 50 kids and their siblings between the ages of 5 to 18 who are courageously battling cancer or are in remission.

By RON WINSLOW - The Wall Street Journal

Researchers said they have identified a combination of four genes that appear to play a critical role in determining whether prostate cancer in its early stages will go on to become an aggressive, lethal disease.

The information could enable doctors and patients to make better decisions after the diagnosis of prostate cancer, a disease that is commonly overtreated today, researchers said.

By Carolyn Y. Johnson - The Boston Globe

Cancer patients and doctors often don’t know much about what they are up against: a tumor that will spread through the body, or one that probably will remain dormant. Now, Boston scientists have identified four genetic markers that predict whether prostate cancer is the aggressive type.

The work, led by researchers at Dana-Farber Cancer Institute, is part of a much larger effort to address a major problem in cancer treatment. Although screening tests can identify tumors early, doctors have limited insight into whether they need to hit the disease right away with aggressive treatment or should watch and wait.

By Beagan Wilcox Volz

'Tis the season for an avalanche of holiday e-cards in fund industry employees’ in-boxes.

While some holdouts still send paper cards, firms in the fund industry seem to overwhelmingly prefer the e-card when it comes to wishing their clients and business associates happy holidays. Some firms — Fidelity and American Century among them — also tied e-cards to charitable giving in 2010.

Tired of all the bad news coming out of the mutual fund industry? Every day, it seems, if it's not market timing, it's improper gift giving.

So here's something heartwarming.

The Mutual Funds Against Cancer golf tournament, held on June 2 at the Pinehills Golf Club at Plymouth, raised $210,000 for cancer research and treatment at Dana-Farber Cancer Institute and its Jimmy Fund Clinic.

Of that, $45,000 came from a silent auction, which included two autographed Red Sox World Series jerseys, sold for $3,000 each, and a pair of tickets to see the Rolling Stones at Fenway for $1,700.

EDWARD MASON, finance and government reporter, can be reached at emason@bizjournals.com.

With support from John Hancock, the recent annual Mutual Funds Against Cancer (MFAC) benefit broke records with more than $265,000 raised to fight cancer, a 30 percent increase from last year. Bruce Speca, EVP, Investment Management Services, received the “Expect Miracles Award” for his efforts to secure sponsors from the mutual fund and financial services industries.

SpecaThe 12th annual Expect Miracles Golf Classic took place at Pinehills in Plymouth, Massachusetts. Over 280 golfers from the financial community came together for a day of golf coupled with a dinner event hosted by WEEI’s John Dennis. The tournament’s proceeds and other MFAC event proceeds go to benefit The Jimmy Fund, the fund–raising arm of the Dana–Farber Cancer Institute, one of the leading cancer research and patient care facilities in the world. Of the more than 150 Jimmy Fund golf tournaments held each year to benefit the Jimmy Fund, MFAC is in the top five in terms of the amount raised.

"Mutual Funds Against Cancer is proud to have John Hancock as our partner in the quest to eradicated cancer," says MFAC Chairman Frank Strauss. "Bruce Speca is an extraordinary individual and Mutual Funds Against Cancer board member who sets the standard for any charitable organization. It was our honor, with heartfelt thanks, to present Bruce with our Expect Miracles Award. His commitment goes far above and beyond the norm." "Cancer is such a prevalent disease that does not discriminate," says Speca. "Donations made directly to organizations such as Dana Farber are wonderful, but it is also a great experience to share a day with your colleagues and raise money for such an important cause. The financial services industry generates great wealth and MFAC is a great vehicle to redirect some of those assets back to those who truly need it." John Hancock is also the proud supporter of Mutual Funds Against Cancer’s annual Wine & Spirits Extravaganza, an event held in November which attracts over 350 senior financial executives. These two programs are the leading financial community based charitable events in New England.

Mutual Funds Against Cancer (MFAC) is one of the leading advocates in the fight against cancer within the mutual fund and financial industries. Founded in 1995, MFAC’s mission is to proactively help find a cure for cancer by raising funds and awareness through event–based programs and charitable donations. MFAC’s most renowned events are its annual “Expect Miracles” Golf Classic and The Wine & Spirits Extravaganza. The MFAC organization “expects miracles” and believes it is this generation’s responsibility to eradicate cancer, the second leading cause of death in the United States.

By Lisa Lacy

The fund industry's participation in the fight against cancer has taken many forms this year, ranging from fund raising and special events to seminars, among other events. Several industry firms are pitching in to do their part. Both on an individual employee level and corporation-wide, MassMutual, American Century, SalesPage Technologies, State Street, Investors Bank & Trust, JPMorganChase, Beacon Consulting Group and Mutual Funds Against Cancer, among many others, have enlisted to battle the disease in some form or another.

In recognition of October being National Breast Cancer Awareness Month, MassMutual is combining seminars for women with its fundraising efforts. The firm says it is working to raise awareness and to provide a minimum donation of $100,000 to local research, detection and treatment programs to support National Breast Cancer Awareness Month. MassMutual’s U.S. Insurance Group will make charitable contributions of up to $3,000 to local cancer organizations in the name of each agency that conducts its “Pearls of Wisdom” financial educational seminar in October. The firm’s Pearls of Wisdom seminar is an interactive video-based seminar that includes women telling stories about how their financial lives are impacting their personal lives. MassMutual says it is encouraging agents to present these seminars in their communities to raise awareness of financial preparedness, especially when it comes to breast cancer and other unexpected life events. An estimated 200 to 250 agents, representing MassMutual’s more than 80 agencies, are expected to participate. “We’re on the hook for about $250,000,” says Susan Sweetser, second vice president of MassMutual’s Specialized Markets division. In addition, the firm sponsored the Danskin Women’s Triathlon, which donates 10% of entry fees to the Breast Cancer Research Foundation. In conjunction with that sponsorship, MassMutual made donations to the Foundation on behalf of triathlon participants who attended MassMutual’s “Pearls of Wisdom” seminar. On another front, an industry executive has established “Mutual Funds Against Cancer" or MFAC. MFAC is an advocate in the fight against cancer within New England’s mutual fund and financial industry that hosts several events throughout the year. The organization’s mission is to proactively find a cure for cancer by raising funds and awareness through event-based programs and charitable donations. For instance, in November it will hold its Third Annual Expect Miracles Wine & Spirit Extravaganza in Boston. Founded in 1995 as a grassroots family-and-friends group, MFAC has raised $1.2 million to date. What started with a golf tournament has since expanded to include the Wine Extravaganza as well as the First Annual State Street 5K Challenge at the Nicsa Technology Summit next month. Proceeds raised by the organization benefit The Jimmy Fund, the fund-raising arm of the Dana-Farber Cancer Institute. Dana-Farber provides care to children and adults with cancer while advancing the diagnosis, treatment, cure and prevention of cancer and related diseases. As a former CFO and treasurer of The CGM Funds, founder and chairman Frank Strauss says he "felt in a position to rally some industry folks around me and get something going, and I never dreamed it would grow [to this point].” Strauss is now principal of the Beacon Consulting Group.

MFAC’s board consists of approximately 25 executives from State Street, Investors Bank & Trust and JPMorgan Chase. Last month, customer relationship management, or CRM, software company SalesPage Technologies made a more indirect contribution to the cause: It donated software and support to MFAC. MFAC will implement the SalesPage CRM offering to streamline fundraising and awareness efforts as well as to leverage its growing list of data and contacts. Michael Pessetti, vice president of sales and marketing for SalesPage, says SalesPage is providing the hardware, software and infrastructure in order to help MFAC keep track of donors and sponsors as well as planning and communication around events such as marketing to potential participants. “We recognize they’re a virtual organization and they don’t have a lot of staff or even a physical office location,” Pessetti says. “We felt we could do something effective.” For its part, American Century has struck up a partnership with a celebrity spokesman and launched a new brand and advertising campaign to raise awareness and support for cancer. Via a campaign featuring Lance Armstrong and the catchphrase, "Put Your Lance Face On," the firm is encouraging investors to tackle investment decisions with determination and focus. Company spokesman Chris Doyle says the firm rebranded target-date funds and asset allocation funds under the “Livestrong” moniker. In addition, American Century has “made a financial commitment” to the Lance Armstrong Foundation, which is devoted to raising cancer awareness. Doyle says there is a minimum level of commitment and that if the funds prove to be more popular, the amount of commitment can go up. Like Armstrong, American Century’s founder, Jim Stowers, Jr., is a cancer survivor. Also like Armstrong, Stowers is using his position to help fight the disease. He has created a biomedical research facility, The Stowers Institute for Medical Research.

By Editorial Staff

Mutual Funds Against Cancer held its 13th annual “Expect Miracles” Golf Classic on June 7 at Pinehills Golf Club in Plymouth, Mass., followed by dinner and an awards ceremony at Waverly Oaks Golf Club. Presented by title sponsor JPMorgan Fund Services, the event attracted 380 financial executives and raised $350,000 for cancer research, which will go to the Center for Applied Cancer Sciences at the Dana-Farber Cancer Institute.

In addition to JPMorgan Fund Services, more than 65 other companies also sponsored the event. To date, the organization has raised more than $1.5 million for cancer research.

“It was an amazing day to bring the mutual fund industry together as one for an incredible, important cause,” said Frank Strauss, founder and chairman of Mutual Funds Against Cancer and a principal at Beacon Consulting Group. “This industry is extremely powerful, and together we can make a difference in the fight against this deadly disease.”

“The mutual fund industry clearly demonstrated its commitment to helping the fight against cancer,” said Lisa Onorato, vice president at JPMorgan Fund Services. “[We are] proud to be among Mutual Funds Against Cancer's supporters and a sponsor of this important event.”

October 8th, 2007 was a proud day for all at MFAC as staff and board members rang the Opening Bell for the New York Stock Exchange!'

MFAC Opening Bell

View the video clip (Windows Media)

Golf event expected to raise $650,000 for Dana-Farber Cancer Institute in Boston
By Sue Asci

More than 400 executives from 50 mutual fund and financial services companies are expected to raise $650,000 June 12 at the 14th annual Expect Miracles Golf Classic, sponsored by Mutual Funds Against Cancer. The sold-out tournament, which raises money for research at the Dana-Farber Cancer Institute in Boston, will take place at the Pinehills and Waverly Oaks golf courses in Plymouth, Mass.

Donations to the Hingham, Mass.-based charity have increased 60% during the last three years, said co-founder and chairman Frank Strauss, a principal at Beacon Consulting Group in Boston.

Those are "not bad returns," Mr. Strauss said.

Through its golf tournament and other fundraising events throughout the year, Mutual Funds Against Cancer raised $570,000 last year, up from $360,000 in 2006, $225,000 in 2005 and $156,000 a year earlier.


"The organization has impact," said Ken Starr, vice president of interactive data pricing and reference data at Interactive Data Corp. of Bedford, Mass., and foundation sponsor for 2008 and 2009.

"It's the mutual fund industry making a statement to a challenge: cancer research. It is important to a lot of people," he said.

Interactive Data has made the group one of its preferred charities and is sponsoring the golf event to build awareness about the organization, and to generate donations.

"It's an important organization to the industry we work in," said Doug Miller, executive vice president at State Street Corp. of Boston. "We have an opportunity to be leaders and to attract firms to this organization."

"It's a tremendous cause," said Jeff Masom, managing director of institutional services at Legg Mason Inc. of Baltimore. "It's a great opportunity for us to partner up with some of our competitors and our clients to support this great cause."

A 20-year veteran of the financial services industry, Mr. Strauss was chief investment officer at The CGM Funds of Boston when he started the organization. His mother had been diagnosed with leukemia, and he "saw a lot of children in the hospital when I visited my mom. She won her battle against cancer. It all came together."

The first friends and family golf tournament attracted 40 players who raised $6,000. "The banquet was me flipping burgers on my back deck," Mr. Strauss said.

Mutual Funds Against Cancer, which receives donations from more than 100 financial firms, most of them mutual funds, has funded several research programs, said Nancy Rowe, director of the Jimmy Fund Golf Program at Dana-Farber. "The money was unrestricted and is used wherever it was needed," she said.

For the past two years, donations have been directed to Dana-Farber's Center for Applied Cancer Science, which researches some of the most challenging cancers, such as melanoma, multiple myeloma, and colon, pancreatic, brain and lung cancer, Mr. Strauss said.

"They are doing some very cutting-edge research in the field of the major cancers," Ms. Rowe said. "There are breakthroughs that will happen because of the MFAC support. It's going to have a huge impact."

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