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Home>Haas School of Business Crowdfunds for Student Investment: MBA News
Haas School of Business Crowdfunds for Student Investment: MBA News
Haas School of Business Crowdfunds for Student Investment: MBA News main image
This week Haas School of Business launched a project on its home-grown crowdfunding platform with a view to raise an additional US$100,000 for its Socially Responsible InvestmentFund for Haas students.
Since 2008 the Haas School of Business of the University of California Berkeley has developed its Socially Responsible Investment Fund from an initial sum of US$1.1 million to just over US$2 million under student management. The fund has exceeded 50% return on investment over a period of six years and outperformed the school’s ESG (environmental, social and governance) benchmarks. Despite this growth, the school continues to develop the fund through outside funding methods.
Kickstarting the crowdfunding campaign was the Pincus Foundation with an initial donation of US$40,000. Other sustainable Californian businesses such as Back to the Roots, Levi Strauss & Co and Revolution Foods also showed their support by providing generous incentives for donors.
Closely linked to the project is Charlie Michaels, class of ’78 at Haas School of Business, and the main force behind the launch of the Socially Responsible Investment Fund back in 2007, contributing US$250,000 in seed investment. Michaels has pledged to match every dollar the crowdfunding initiative receives which would mean, if successful, the project would raise a total of $US200,000.
Socially responsible investment aims to combine financial and environmental/social performance
The renewed fund aims to maintain the value of the scheme allowing students to continue learning about the intricacies of investment in a contemporary and ethically responsible market. The fund works to teach the balance between financial and environmental/social performance as much as the real experiences of professional asset management.
“Now is the time for the Fund to accomplish something even bigger,” Michaels states. “It can possibly make an impact on the entire investment community and show that investing in companies that balance the for-profit motive with environmental, social, and corporate governance standards outperforms traditional non-ESG investment approaches.”
Each year the fund is controlled by a carefully selected group of six to 12 MBA students who have full responsibility over investment decisions as well as undertaking their own ESG performance research. Former Haas School of Business MBA students who took part in managing the fund in previous years have gone on to use their socially responsible investment skills in a multitude of industries including high-profile investment companies such as Citi Community capital, Cambridge Associates and Calvert Social Investment Foundation.
Haas School of Business Crowdfunds for Student Investment: MBA News
By QS Contributor
Updated UpdatedThis week Haas School of Business launched a project on its home-grown crowdfunding platform with a view to raise an additional US$100,000 for its Socially Responsible Investment Fund for Haas students.
Since 2008 the Haas School of Business of the University of California Berkeley has developed its Socially Responsible Investment Fund from an initial sum of US$1.1 million to just over US$2 million under student management. The fund has exceeded 50% return on investment over a period of six years and outperformed the school’s ESG (environmental, social and governance) benchmarks. Despite this growth, the school continues to develop the fund through outside funding methods.
Kickstarting the crowdfunding campaign was the Pincus Foundation with an initial donation of US$40,000. Other sustainable Californian businesses such as Back to the Roots, Levi Strauss & Co and Revolution Foods also showed their support by providing generous incentives for donors.
Closely linked to the project is Charlie Michaels, class of ’78 at Haas School of Business, and the main force behind the launch of the Socially Responsible Investment Fund back in 2007, contributing US$250,000 in seed investment. Michaels has pledged to match every dollar the crowdfunding initiative receives which would mean, if successful, the project would raise a total of $US200,000.
Socially responsible investment aims to combine financial and environmental/social performance
The renewed fund aims to maintain the value of the scheme allowing students to continue learning about the intricacies of investment in a contemporary and ethically responsible market. The fund works to teach the balance between financial and environmental/social performance as much as the real experiences of professional asset management.
“Now is the time for the Fund to accomplish something even bigger,” Michaels states. “It can possibly make an impact on the entire investment community and show that investing in companies that balance the for-profit motive with environmental, social, and corporate governance standards outperforms traditional non-ESG investment approaches.”
Each year the fund is controlled by a carefully selected group of six to 12 MBA students who have full responsibility over investment decisions as well as undertaking their own ESG performance research. Former Haas School of Business MBA students who took part in managing the fund in previous years have gone on to use their socially responsible investment skills in a multitude of industries including high-profile investment companies such as Citi Community capital, Cambridge Associates and Calvert Social Investment Foundation.
Learn more about the Haas School of Business >
This article was originally published in . It was last updated in
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