Thursday, 30 October 2014
Last updated 1 hour ago
Nov 23 2009 | 8:12pm ET
Pension and sovereign wealth funds are set to be among the investors in the UK government’s planned £1 billion ($1.7 billion) Innovation Fund for the life science, cleantech and digital sectors.
The fund was launched by Prime Minister Gordon Brown in June 2009, with an initial government investment of GBP 150 million ($248 million).
Paul Drayson, the UK Minister for Science and Innovation, told Responsible-Investor.com that the Innovation Fund has “pension fund investors with sovereign wealth funds plus a number of very high net worth individuals.” Drayson did not name names, but said he expected the fund, if achieved, to provide a “real boost” to the UK’s cleantech sector.
The government is currently at the due diligence stage of appointing a fund manager. Officials say the name of the manager and the value of the first closing will be announced shortly.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.