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Edited by on November 15 2011 at 7:20 AM

Pocket hottie Joseph Altuzarra of eponymous line Altuzarra beat out nine other designers to be named the grand prize winner of this year’s Council of Fashion Designers/Vogue Fashion Fund at Skyhigh Soho last night.

Joseph Altuzarra Wins CFDA/Vogue Fashion Fund Award

The Fashion Fund, created by the CFDA and Vogue to aid young and emerging designers, includes a mentorship program and a cash prize. Altuzarra took home $300,000 while runners-up Pamela Love of Pamela Love Jewelry and Shane Gabier and Chris Peters of Creatures of the Wind walked away with $100,000 each.

Those that went home empty-handed were Suno’s Erin Beatty and Max Osterweis; Carlos Campos; Antonio Azzuolo of A.A. Antonio Azzuolo; Carly Cushnie and Michelle Ochs of Cushnie et Ochs; Ohne Titel’s Alexa Adams and Flora Gill; Fenton/Fallon’s Dana Lorenz, and Soraya Silchenstedt of Finn Jewelry.

This year’s selection committee included Vogue’s editrix-in-chic Anna Wintour, CFDA prez Diane von Furstenberg and CEO Steven Kolb, Theory‘s Andrew Rosen, Coach‘s Reed Krakoff, J. Crew‘s Jenna Lyons, and past Fund winners — Proenza Schouler‘s Jack McCollough and Lazaro Hernandez. [WWD]

Story by Lester Brathwaite

I was center square from 1969 to 1978, during which I perfected the art of the zing as well as a crippling cocaine addiction. Bea Arthur was responsible for both. @LesFabian lester at fashionindie.com