Rich investors turn to ‘impact’, boosted by banker smarts
Ayesha de KretserSenior reporter
Some of Australia’s richest people have formed an unlikely alliance, coming together to tackle the country’s most difficult to solve problems – and deliver investment returns they would rather not brag about.
The federal Treasurer pledged $100 million in the latest budget to fund the creation of an “outcomes fund” that will seed a market for social impact bonds alongside state governments.
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Ayesha de Kretser is a senior reporter with The Australian Financial Review covering the aviation and tourism sectors. She has previously reported on banking, mining and commodity markets. Connect with Ayesha on Twitter. Email Ayesha at ayesha.dekretser@afr.com.au
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