Rise of the Rest should take pride in impact — not run from it

In case you missed it, Steve Case’s new Rise of the Rest fund, which strives to “construct an ecosystem like the one in Silicon Valley that will provide support and connections to entrepreneurs in small towns,” is not an impact investment. In a New York Times article published Monday… …Mr. Case was quick to say

Major asset managers moving slowly but surely toward impact investing

Co-authored with Kim Wright-Violich, Tideline Nine out of the top 10 largest U.S. asset managers are now active in impact investing, according to new Tideline analysis. All but Vanguard, the second largest US asset manager, have stood up or are actively testing impact investing strategies. Of the top 20, Tideline finds that half are active

Morgan Stanley Thinks Bigger…and Here Comes CalPERS

Morgan Stanley and the California Public Employees Retirement System (CalPERS) have taken important first steps to institutionalize a role for capital that, above and beyond maximizing financial returns, includes delivery of measurable, positive social and environmental benefits. The importance of the developments cannot be understated. Morgan Stanley is one of the largest wealth management companies