UK sets up Impact Investing Institute

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The UK has launched an impact investing organisation to help spur the growth of this increasingly popular and important area of asset management. The Impact Investing Institute, backed by the government, will be led by former Allianz Global Investors CEO and vice-chair Elizabeth Corley and Harvey McGrath, ex-chairman at Man Group. Corley (pictured) will chair the management board, while McGrath is chair of the advisory council; a CEO is yet to be appointed. Speaking to the Financial Times, Corley said: "We see an enormous opportunity to collect money and direct it to some of the bi...

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