Billy Koch

CARMA: Holding Its Own in Tough Economic Climate

Last year when facing a massive budget shortfall, the umbrella organization overseeing the fate of California's retired racehorses dodged a metaphorical projectile. "We were just so overwhelmed by the support we got for CARMAthon by the racing community," Lucinda Lovitt, executive director of the California Retirement Management Account (CARMA), said of a fundraising event held last year at Del Mar on Pacific Classic day. "Everybody on the board--especially those on the event committee--was blown away." Due to the fact that CARMA is primarily funded from purse contributions by owners, trainers...

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Little Red Feather Hires Racing Compliance Consultant

Little Red Feather Racing has hired an independent compliance consultant to oversee all aspects of its racing and sales divisions. The consultant will ensure that LRF's trainers, veterinarians, and staffs comply within regulatory rules as well as LRF's internal policies regarding training and medication. "Many industries have compliance managers, why not horse ownership?" said LRF Managing Partner Gary Fenton. "We want our partners to have the utmost confidence and trust that our equine athletes receive world class care." LRF Founder and Managing Partner Billy Koch added, "It's time we take...

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