Mission-related investing in US gets dedicated service
A US-based provider of independent investment advice and research to institutional investors and private clients has announced the launch of the Mission Investing Group, dedicated to helping clients in the rapidly emerging arena of mission-related investing.
Cambridge Associates will be working with several partners for this initiative including the Annie E. Casey Foundation, the F.B. Heron Foundation and The Meyer Memorial Trust Foundation. These organisations are leading representatives of the ‘2% for Mission Campaign’, which encourages foundations to invest at least two percent of their assets – above and beyond the charitable distributions – in mission-related investments.
The Mission Investing Group will be assisting interested clients with carefully crafted investment plans which will provide them with the opportunity to participate in this area in a meaningful way.
The Group will develop a detailed understanding of key players in the mission-related investing universe, construct a manager database, as well as define best practices for institutions regarding the establishment and implementation of these types of programmes. Annual performance reports for each type of mission investing strategy, such as tobacco-free and clean tech, along with a mission investing resource guide will also be developed.
“Market rate mission-related investing offers tremendous potential for foundations to employ their assets in ways that create new value and deliver greatest societal benefit,” said Doug Stamm, CEO of the Meyer Memorial Trust.