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Last night, the CFDA/Vogue Fashion Fund first prize was awarded to Joseph Altuzarra for his three year old brand, Altuzarra. Since launching his collection in 2009, after stints at Marc Jacobs, Proenza Schouler and Givenchy, Altuzarra was an immediate hit with the fashion pack, turning out one collection after another full of alluring, fitted clothes made for women—not girls—who had interests other than lunch. The prize grants him $300,000 and a year of mentoring. This year’s runners up are Pamela Love, the jewelry designer best known for her talon cuffs, and Creatures of the Wind, the colorful collection designed by Chicago based designers Shane Gabier and Chris Peters. Both were awarded $100,000.