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Scots charities profiting from new rules
By David Ainsworth, Third Sector, 7 May 2008
Small Scottish charities are starting to take advantage of wider investment opportunities permitted by new rules introduced in the Charities and Trustee Investment Act for Scotland, according to a social enterprise fund manager.
The act allows Scottish charities to put money into common investment funds based outside the country for the first time. Andrew Robinson, director of CCLA, a charity that provides investment opportunities for other charities, said his organisation's common fund had received its first investment of £250,000 after he spoke about...
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