the $33 million dollar man is back, and he has gone green
July 21st 2008 01:42
Chris Cuffe former CEO of Colonial First State ,who earned the media moniker the $33 million dollar man due to his golden handshake, has returned to the Finance Industry launching a charitable fund, that has selected a green fund, arkx carbon fund as one of its managers. All managers work pro bono, ensuring all the fees charged by the thirdlink fund go to the charity Social Ventures Australia.(click here to read more on SVA)
Here is a snippet and a link from the SMH article. CLICK HERE
Here is a snippet and a link from the SMH article. CLICK HERE
The $33m man is back - but now he's working for free
Email Printer friendly version Normal font Large font Adele Horin
July 21, 2008
Page 1 of 2 |
CHRIS CUFFE cannot escape his tag as the $33 million man. But six years after the former head of Colonial First State left the funds manager with a notorious golden handshake, he is back in the business - only this time doing it for charity.
What is more, he has convinced 15 leading fund management companies also to work pro bono, potentially forgoing more than $1million a year in fees for a good cause.
Mr Cuffe, now executive director of the non-profit organisation Social Ventures Australia (SVA), set up the Third Link Growth Fund with two aims: to provide retirees and other investors with a high-growth investment fund and to contribute almost all the fees received from investors to SVA.
Mr Cuffe today announces the names of the fund managers he has chosen to work free, among them Goldman Sachs JBWere, Colonial First State, Perennial Investment Partners and Pengana Capital.
"I've been overwhelmed by the generosity and support of the managers involved. Their participation makes the Third Link Growth Fund a highly attractive opportunity to investors," he said
Email Printer friendly version Normal font Large font Adele Horin
July 21, 2008
Page 1 of 2 |
CHRIS CUFFE cannot escape his tag as the $33 million man. But six years after the former head of Colonial First State left the funds manager with a notorious golden handshake, he is back in the business - only this time doing it for charity.
What is more, he has convinced 15 leading fund management companies also to work pro bono, potentially forgoing more than $1million a year in fees for a good cause.
Mr Cuffe, now executive director of the non-profit organisation Social Ventures Australia (SVA), set up the Third Link Growth Fund with two aims: to provide retirees and other investors with a high-growth investment fund and to contribute almost all the fees received from investors to SVA.
Mr Cuffe today announces the names of the fund managers he has chosen to work free, among them Goldman Sachs JBWere, Colonial First State, Perennial Investment Partners and Pengana Capital.
"I've been overwhelmed by the generosity and support of the managers involved. Their participation makes the Third Link Growth Fund a highly attractive opportunity to investors," he said
Members of the pro bono gang
The pro bono fund managers are: arkx, Colonial First State, Global Asset Management, Cooper Investors, Eley Griffiths Group, Goldman Sachs JBWere, Magellan Financial Group, Orion Asset Management, Paradice Investment Manage- ment, Pengana Capital, Perennial Investment Partners, Platypus Asset Management, Select Asset Management, Solaris Investment Management, Taube Hodson Stonex Partners LLP, Treasury Asia Asset Management
The pro bono fund managers are: arkx, Colonial First State, Global Asset Management, Cooper Investors, Eley Griffiths Group, Goldman Sachs JBWere, Magellan Financial Group, Orion Asset Management, Paradice Investment Manage- ment, Pengana Capital, Perennial Investment Partners, Platypus Asset Management, Select Asset Management, Solaris Investment Management, Taube Hodson Stonex Partners LLP, Treasury Asia Asset Management
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I guess when you've ripped someone off to the tune of $33M, you can afford to be generous to make yourself look like a good guy.
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