The best article today is news of the Urban Institute PFS resources which are a welcome addition to the treasury of advisory information in the parish. Great stuff. Meanwhile, UBS has a story out all about young wealthy people seeking social investment although my hard-bitten cynical side (it exists behind my sunny Reaganite disposition and emerges when Due Diligence is called for) wonders if this isn’t virtue signalling just like all those people rushing to show their green side by buying new model Tesla automobiles this week.
NB I am out of the office this afternoon lecturing my course on Entrepreneurship & StartUps at Nicolaus Copernicus University in Torun, Poland and then dispensing invaluable (he says modestly) candour about careers and investment to another few hundred students at an event called “Wiecej!” (“More!”). Unlike in the more cossetted USA, they don’t have ‘safe spaces’ at Polish universities – this is probably for the better. Have a great weekend…
Funding What Works Requires Building Performance Systems
John M. Kamensky – Business of Government
The “pay for success” movement in the non-profit world is starting to take hold at the federal, state, and local levels. But a prerequisite is having some way of measuring success – and ensuring the funding models encourage it.
The Urban Institute has launched a new web resource to explain Pay for Success, which it says is various forms of performance-based contracting used to support the delivery of targeted, high-impact preventative social services where an intervention at an early stage can reduce the need for higher-cost services in the future.
UBS: Young Wealthy People Seek Social Investments
Kobi Yeshayahou – GLOBES
UBS Global Head, UBS and Society Caroline Anstey explains the growing trend of social investment by high net worth investors.
With negligible interest rates and very low yields on government bonds of developed countries, a world of alternative investments is developing in Israel and other countries.
Part of this is a growing trend among wealthier investors is to find investments that involve social impact. They include investment with positive environmental impact (water, energy, and infrastructure companies), sustainability fields, healthcare (especially biomed companies), and social impact (education, and crime prevention).
UBS Group Managing Director, Global Head UBS and Society, Caroline Anstey told “Globes” about trends in social impact investments, as they are known. Anstey joined UBS 18 months ago from the World Bank, where she served for 18 years in several positions, including managing director.