So an excuse this week to visit both alma maters – LSE Alumni on Monday evening to hear Georgia Keohane speak about her book (shown above – US-centric but highly recommended) and then, yesterday, a very English event at the Humanitarian Centre, in Cambridge – strawberries & cream & Sangria with Fenners in the background, on a “rained out” English summer afternoon (my wife, being German, doesn’t believe there is any other kind).
No real content to report from Fenners. But several interesting discussions at the LSE, where Georgia picked out the role of social impact bonds, and their complex interaction with public sector safety nets (i.e. you need public expenditure savings from delivering cheaper public services to fund the bond coupon). Chasing around Twitter/YouTube afterwards, there was also a great clip on what levels of financial returns should be expected from BoP/social impact investing. General view seemed to be at least a “normal” return, but potentially over a longer timescale.
Interesting to think social entrepreneurship could both be more socially useful and more financially rewarding than hedge funds.
Leave a Reply