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These are difficult times for hedge fund king Paul Tudor Jones but he was all smiles as the guest of honor at last night's 11th annual NYU Child Study Center Gala at Cipriani 42nd Street. Joining Jones and his wife Sonia (left) was the center's director, Harold Koplewicz, co-chairs (and fellow finance big wigs) Gary Cohn and Lisa Pevaroff, David and Danielle Ganek, and Michael Novogratz and wife Sukey, and a crowd of nearly 600, including Vera Wang and Arthur Becker, Jon Corzine, Elie Wiesel, Jane and Jimmy Buffett, Ellen Barkin, Erica Jong, Jane Rosenthal, Christiane Celle, Faith Popcorn, Al D'Amato, Larry Silverstein and wife Klara, Neal Shapiro and Juju Chang, Julie and Ed Minskoff, Elaine and Ken Langone, Susan and Martin Lipton, Claude Wasserstein, Linda and Arthur Carter, Alice and Tom Tisch, Vicki and Stuart Match Suna, and Brooke and Dan Neidich. [PMc, NYSD]

♦ Ivanka Trump and Brian Reyes teamed up to host a luncheon at Christie's yesterday to show off their latest collections to the likes of Lydia Fenet, Olivia Chantecaille, Marjorie Gubelmann, Jennifer Creel, Alexandra Lebenthal, Celerie Kemble, Gillian Miniter, Olivia Palermo, Lizzie Tisch, and Allison Aston. [PMc, The Daily]

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♦ Ray-Ban hosted a party at the Bowery Ballroom last night to celebrate the its new line of Clubmaster glasses. Partygoers included Maggie Gyllenhaal, Kevin Bacon, Blake Lively, Penn Badgley, Chace Crawford, Ed Westwick, Diane Kruger, Joshua Jackson, and Eugene Remm. Ipso-Facto performed at the event and Paul Sevigny tended to the turntables. [PMc, Wireimage]

♦ Kelly Cutrone's People's Revolution presented Motorola's new Aura at a dinner party at the Soho Grand last night. Some of the guests who walked off with the new device: Zani Gugelmann, Charlotte Ronson, Casey Spooner, Jeremy Kost, Charlie Walk, Tara Subkoff, Chrissie Miller, David Neville, Peaches Geldof and Dani Stahl. [PMc, GoaG]