Specialist investments 'have pushed up costs'

By Helen Warrell, Third Sector, 27 February 2008

Charity investment managers have suggested that the growing move into specialist investment areas such as hedge funds, property and private equity could account for a rise in management costs of nearly 300 per cent year on year.

The increase, which is documented in the NCVO's UK Civil Society Almanac 2008 (Third Sector, 20 February), says charities' spending on fund management increased from £88m in 2004/05 to £334m in 2005/06. Analysis by the umbrella body suggested that a small group of charities were taking investment more seriously and...

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