Media Development Investment Fund raises $13 million for journalism in markets hostile to the press

  • "In all of these markets, the competitive advantage of the companies we’re working with is trust,” MDIF’s Harlan Mandel told ImpactAlpha. Reliable news businesses in politically risky and economically distorted environments, he says, are undervalued by investors.
 

What’s the fiduciary duty of index investors when it comes to gun companies?

  • Index funds should focus... on how gun sales gun affect the systems on which all of the companies in the index depend, says B-Lab's legal head Rick Alexander.
  • A fiduciary... must think systemically in order to serve the interests of investors.
  • This means... an investment steward can forgo a gain at an individual company to preserve systemic value, and the value of an entire portfolio.