Go to content Go to navigation Go to search

October 10, 2008

Money Managers Look to Charities for Business

Financial managers are looking to charities as a potential source of new business, reports the Financial Times.

As charities become more fiscally sophisticated, they are more willing to change investment managers if they do not see results, which drives competition among money managers working for charities. Economic uncertainty is also causing trustees and board members at charities to look for the best option in investment performance, the newspaper notes.

As a result, many investment firms and money managers are giving a higher priority to charity clients, developing specialized charity teams of money managers to tap into the previously untapped market, reports the newspaper. (See The Chronicle’s article on the growing number of small charities seeking outside investment advisers.)

(Registration is needed to view this article.)

Friday October 10, 2008 | Permalink

Commenting is closed for this article.

Previous: Charity Sues Federal Government for Freezing Its Assets
Next: See What's New in The Chronicle of Philanthropy

---

Copyright © 2009 The Chronicle of Philanthropy