Hedge fund managers, by and large, have taken a bad rap for a multitude of sins committed by the selfish actions of a few highly publicized managers - those who sought out and traded on material, confidential insider information.  And, hopefully government prosecutors will continue their pursuit and continue to bring the guilty players to justice. Yet, among countless other hedge fund managers - those who are selfless, caring and humane - is Manhattan hedge-fund manager Darren Weingrow.  He stepped forward and offered to pay for the funeral of Delores Gillespie, 73, a Brooklyn woman brutally murdered - set on fire in the elevator of her apartment building, allegedly by a man who used to work for her.  This is a crime that has left most New Yorkers in a shared, collective grief. Relatives and friends remember Delores Gillespie as a warm-hearted, community-minded  woman who helped the down-and-out find jobs and laid out a feast for the homeless every Thanksgiving. A memorial service for Ms. Gillespie will be held Friday, 12/30/11, nearly 2 weeks after her tragic death.  It will be held at First A.M.E. Zion Church, in Bedford-Stuyvesant, and is open to the public. Darren Weingrow. This fund manager lives in the Chelsea neighborhood of Manhattan.  He has no connection to Ms. Gillespie nor her family, and probably has never been to Brooklyn's Prospect Heights.  But that didn't stop him.  After reading about Saturday's murder and the fact Ms. Gillespie's family needed to raise funds for funeral and travel costs, he was moved to help.

“I’m not a philanthropist, I’m an investment guy.  But it was devastating.  The last thing you should have to worry about is where you’re going to stay or funeral expenses.”

Weingrow was able to connect with 'those in the know' - caling the office of Councilwoman Letitia James, who was collecting donations.  Mr. Weingrown offered to pick up the entire bill;  he has since been in touch with the family. Postscript. Yes, New Yorkers - even some Wall Street-types - know to do the right thing - even without being asked.  And, that is what it's all about, especially around this time of year.   The Compliance-Insights team - in New York City - thank Darren for reminding us what ethics and humanity is all about.  Peace.  [Dealbook, 12/21/11]