Value of charity investments rose by 9 per cent in year to March

Report by WM Company says 'alternatives' was the best-performing asset class, including hedge funds and private equity

Value of charity investments rise
Value of charity investments rise

The value of charity investments rose by 9 per cent in the 12 months to the end of March this year, according to a report by the market analysts WM Company.

The WM Charity Fund Monitor, published yesterday, is based on a survey of most of the major charity investment managers and relies on data to the end of February and estimates for March based on market averages.

It shows that charity investment assets rose in value by 1.3 per cent in the first quarter of 2011, and by 5.5 per cent over the past 36 months.

The best-performing asset class was 'alternatives', a broad class including hedge funds and private equity, which rose by 10.9 per cent.

All asset classes increased in value over the 12 months, although the value of cash deposits rose by only 0.4 per cent.

A separate sample of charity accounts for 2010, carried out by data website CharityFinancials.com, showed that the value of charity investments rose by 16 per cent on the previous year.

The report looked at 968 of the country’s largest charities that held investment assets in 2010 and had comparable data for the previous five years.

The total value of those charities’ investment assets was £37.3bn, compared with £32.0bn in the previous year. But their investments were still down in value by 2.6 per cent on 2007, when their assets were worth £38.3bn.

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