23rd September 2013 - Our founder, Russ Bubley, quoted by the FT
Our Founder, Russ Bubley, is quoted by the Financial Times, in an article on social impact bonds. In this quote, he is discussing the first social impact bond transaction in the US which was invested in by Goldman Sachs. This transaction had a guarantee from the Bloomberg Philanthropies, limiting any loss that Goldman Sachs could make on their investment.
“Having a name like Goldman Sachs on board is a significant landmark, says Russ Bubley, an ex-Citi banker turned social investment strategist. But he says investors in the British SIBs have had to be much bolder without the safety net of someone like Bloomberg.”
The full article can be viewed on the FT website (paywalled).
See more blog posts. Comments powered by Disqus require cookies.