Friends Provident Foundation to triple capital allocation.

Friends Provident Foundation has announced it will more than double its investment in award winning impact fund Snowball with immediate effect and will invest a further £1m for every £10m Snowball raises. This forms part of the foundation’s new strategy, which puts greater focus on its investment activities to better utilise its whole endowment for mission. This includes via impact investing and shareholder and asset manager engagement. The foundation’s allocation to impact investing has increased from 10 to 33% of its endowment. Snowball is a diversified, multi-asset class, impact fund…

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