Magallanes' social impact fund surpasses €12m in first three months
Magallanes Impacto fund has surpassed €12m in assets under management three months after inception, the Spanish manager has reported. The firm had estimated it would achieve €20m of AUM during its launch phase, a figure that now it is expected to reach during January. The fund, launched in September, is a social impact strategy investing in financial institutions that give micro-credits to deprived people in developing countries. It aims at generating annual returns of between 2% and 4%...
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More and more countries are legalizing marijuana for medical and even recreational use. The number of marijuana-related businesses is growing exponentially. However, the regulatory situation remains confusing for the time being.
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