The investment subsidiary of The Big Issue magazine has started to hunt for a chief executive as it plans to launch a fund management business later this year.
Big Issue Invest, which was founded in 2005 to provide social investment and has raised £20m so far, intends to launch Big Issue Invest Fund Management by the end of 2013. The asset manager will offer social investment funds aimed at both retail and institutional investors.
The group is currently looking for a chief executive with fund management and direct investment experience to lead the new venture, as well as oversee its other investment and loan operations such as public retail funds with partners.
The Big Issue group chair Nigel Kershaw says: “Big Issue Invest is extending the boundaries of traditional investment, CSR and philanthropy to invest in social ventures that are creating opportunity for people and communities in the UK. We are planning to open a fund management arm as a central part of growing our business.
“Traditionally many people have ‘given back’ by taking up charity trustee positions or making donations. We are looking for somebody that would like to ‘give back’ by offering their time, leadership and financial experience to grow the business.”