CLSA Tsunami drive nets $2 million

Global institutional investors open their wallets for tsunami relief projects.

CLSA has announced that its one-day Relief Fund has raised $2 million for regional areas stricken by the Boxing Day tsunamis. The securities firm pledged commissions generated by institutional investors to rebuilding efforts in affected regions Sri Lanka, India, Indonesia and Thailand and will distribute money directly through local organisations in the respective countries.

The recipients of CLSA Relief Fund include Sri Lanka's Sarvodaya, a local housing charity working to rehouse orphaned children, the Bangalore-based Akanksha Foundation, the Ramakrishna Math in Chennai, the King of Thailand's Rajprachanukroh Foundation and the Indonesia Red Cross. CLSA will also look to work with additional community partners on specific projects to rebuild schools and villages...

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