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]

Color palette: Coral red, golden yellow, royal blue and cognac
Mood: Relaxed and cool
Statement Pieces: No one piece in particular was a big statement, but the way the collection was color blocked and put together turned heads
Front Row Name Drops: All the cool kids were there, but no one painfully recognizable
Gossip: Not a word could be heard over the DJ’s blaring music
Runway Music: Energetic DJ beats

His own line LVRS is slated to launch this fall, with 100 limited edition hats already sold. It will be a unisex collection of hats, blazers “and stuff”. Should be pretty dope. See what’s on his mind as he opens up to Style.com, and the sweet threads he’s kicking now.

Photo: Interview

“I can pull off anything; I have the height and the attitude. The only thing I can’t wear is a leotard, but I can wear anything else.”

Anna Wintour and her flock of the fabulous have meticulously the selected 10 designers (and design duos) in the running for the CFDA/Vogue Fashion Fund Award. Last year, Billy Reid took the top prize of $300,000, a year of mentorship and a bronze trophy. The two runners-up Prabal Gurung and Eddie Borgo each took home $100,000 and a year of mentoring. This year, the judges are Lazaro Hernandez and Jack McCollough of Proenza Schouler (who join the committee for the first time this year), Mark Holgate of Vogue, Jeffrey Kalinsky of Jeffrey and Nordstrom, Steven Kolb of the CFDA, Reed Krakoff of Coach, Jenna Lyons of J.Crew, Andrew Rosen of Theory, Diane von Furstenberg of the CFDA, and of course the Queen herself, Anna Wintour of Vogue.

See all the of nominees here:

A. A., Antonio Azzuolo

Carlos Campos teamed up with J shoes to produce an amazing line of shoes for Carlos’ upcoming collection. With most of the major shoe brands focusing on some form of lace up or oxford, it is very easy for a collection to get lost in the sea of repetition. However, this collection is one that is anything but boring. This collaboration offers some of my new favorite shoes for the upcoming season. The thing that I think is most appealing about the shoes is the mix of fabrics and materials used. The collections hosts patent leathers, canvas and suede shoes, and the plaid pair have completely captured my shoe obsessed heart.

Thanks to The Cool Hunter for the picture.