Government passing blame for isolation impact to public

Evita Zanusso from Big Society Capital was our speaker this week, and she gave us an overview of 'Social Impact Investment': investments that have a social benefit as well as a financial return. Dan Robertson from the Finance Society has provided us with a review:

Fidelity, the asset manager with $2.4 trillion assets under management, recently announced the launch of two index mutual funds with a 0% fee! This announcement is interesting for several reasons. First, the asset management industry has been involved in an intense price war and this new fee level of 0% represents a very tough benchmark for the competition to beat. Not surprisingly, the share price of rival asset managers fell by a few percentage points shortly after the announcement. Second, the new fee level is unusual as it indicates that, for the first time, investors could get exposure to both US and international equities without incurring any fee. This is a curious business decision. How will Fidelity manage to pay for all its expenses? Will this product be a loss-making venture? Is there more to it than meets the eyes?

The Research Excellence Framework (REF) evaluates research and its impact every six years. Henley Business School faculty were entered into two units of assessment in the national 2014 REF. Both units received excellent results.