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Comic Relief money invested in arms and tobacco shares
http://www.x404.co.uk/forum/viewtopic.php?f=19&t=20765		 Page 1 of 1
Author:  pcernie [ Tue Dec 10, 2013 1:14 pm ]
Post subject:  Comic Relief money invested in arms and tobacco shares
http://www.bbc.co.uk/news/uk-25273024

:oops:
Author:  Amnesia10 [ Tue Dec 10, 2013 5:16 pm ]
Post subject:  Re: Comic Relief money invested in arms and tobacco shares
It is an embarrassment but the investment managers were trying to maximise the returns for the charity.
Author:  paulzolo [ Wed Dec 11, 2013 9:44 am ]
Post subject:  Re: Comic Relief money invested in arms and tobacco shares
Amnesia10 wrote:
It is an embarrassment but the investment managers were trying to maximise the returns for the charity.

They do go against what the charity work covers, so I think they’d see it as more than an embarrassment. I doubt very much that someone at Comic Relief said “we should invest in guns and stuff because money”. If they did, then that’s a stackable offence and a massive headache for the charity’s workers.

No more embarrassing than the CofE’s Wonga connections though. Just tell the fund managers to use ethical sources in their money growing schemes.
Author:  Amnesia10 [ Wed Dec 11, 2013 11:03 am ]
Post subject:  Re: Comic Relief money invested in arms and tobacco shares
paulzolo wrote:
Amnesia10 wrote:
It is an embarrassment but the investment managers were trying to maximise the returns for the charity.

They do go against what the charity work covers, so I think they’d see it as more than an embarrassment. I doubt very much that someone at Comic Relief said “we should invest in guns and stuff because money”. If they did, then that’s a stackable offence and a massive headache for the charity’s workers.

No more embarrassing than the CofE’s Wonga connections though. Just tell the fund managers to use ethical sources in their money growing schemes.

This is very similar to the CoE Wonga investment, the investment managers did not follow the guidelines of their client. In each case neither the CoE or Comic Relief would have authorised such investments.
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