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Investors Profit by Giving Through Social Impact Bonds
Original Article: New York Times THE seven teenagers sit with their feet tucked under tan desks in a classroom in New York City’s Rikers Island jail, taking turns answering “icebreaker” questions they’ve fished from an envelope. “What’s your favorite thing to do with your time?” asks one young man, the rowdiest of the group. He answers himself: “Reading.” “Really?” says Joyce Gendler, their peppy 22-year-old instructor, with just a hint of incredulity. “Good.” A few minutes later, she begins to engage them in...
read moreRon D. Cordes on a Mission to Activate New Change Agents
Original Article: Forbes MEET RON CORDES Ron D. Cordes is a man on a mission to change the landscape of impact investing. He is the co-chairman of Genworth Financial Wealth Management (NYSE:GNW), which is responsible for over $25 billion in assets under management. He is also on the board of Impact Assets, a non-for-profit financial service firm focused on impact investments. Ron is driven by an entrepreneurial spirit. He built a financial asset management business, which he sold to Genworth in 2006. Now he has expanded his...
read moreFinancial Advisor Magazine: Advisors Learning The Ropes Of Impact Investing
Original Article: Financial Advisor Magazine Now that impacting investing has achieved buzz phrase status, the next step for financial advisors and their clients is to understand what the heck it’s all about and how it can fit into a portfolio. These and other topics related to this emerging corner of the investing universe were part of the conversation Sunday among advisors, money managers and thought leaders during a full-day impact investing workshop that kicked off the third annual Innovative Alternative Strategies conference in...
read moreDriving Social Change Through Impact Investing and Impact Assessment | Sustainable Finance
Original Article: Justmeans “Individuals…are becoming increasingly aware of how they can connect their ‘passions with their portfolios.’” — Ron Cordes, co-chairman, Genworth Financial Wealth Management[1] The International Association for Impact Assessment (IAIA), an international network of 1,600 researchers, policy analysts, government administrators and corporate planners from more than 120 countries, announced it is now accepting nominations for its 2012 awards honoring achievements in the area of...
read moreEquipping the Next Generation to Propel Us Forward: The Cordes Innovation Awards and Ashoka U
Original Article: Ashoka United States Written by: John Converse Townsend on 12/20/11 Editor’s note: This post was written by Marina Kim, Director, Ashoka U The Cordes Foundation’s search for impact led it to partner with the Ashoka U program to co-develop the Ashoka U – Cordes Innovation Award for recognizing the most innovative approaches to social entrepreneurship education. The first year of “Ashoka U – Cordes Innovation Awards” were launched in February 2011. Finalists include the Brigham Young University On...
read moreCordes Fellows Announcment
Original Article: Ethical Markets 2012 Cordes Fellowships were awarded to innovators from 29 countries around the globe, remarkable individuals like: Gregory Cho’c, a Mayan who earned his education while managing a popular general store in Punta Gorda, and now spearheads the defense of indigenous rights to resources in Belize. Marie St. Fleur, the first Haitian-American elected to state office in the U.S. and a former Assistant Attorney General who now directs Boston’s prominent neighborhood economic development initiatives and...
read moreCreating Financial Markets: Lessons from Finance Pioneer Ron D. Cordes
Original Article: Duke: Fuqua School of Business This post was written by first year MBA student Ian Cain. Ian reflects on a recent visit from Ron D. Cordes, co-chairman of Genworth Financial Wealth Management and founder ofImpactAssets. Cordes came to Fuqua as part of the CASE i3 speaker series on impact investing. It was in 2004, on his 45th birthday, when Ron D. Cordes decided that by the time he turned 50 he would be on a different path. He had run AssetMark, the company he founded, since soon after his graduation...
read moreAt GPF, Finding a Way (or Making One) for Foundations to Impact Invest
Original Article: Next Billion Ron Cordes spent more than 25 years in the traditional investing world. He co-founded and in 2006 sold AssetMark Investment Services to Genworth Financial where he serves of co-chairman of the $24 billion asset management firm. However, it wasn’t until Cordes started a philanthropic family foundation that he faced his largest investing challenge: determining how to put a chunk of his foundation’s endowment into impact investments. “That was the most difficult process of my investment career. I...
read moreImpact Investing for the Rest of Us
Ron was recently profiled in Second Act – a publication of Entrepreneur magazine – for the work that he is doing in his “encore” career in the field of impact investing.
read moreA Different Kind of ROI: The Role for Private Capital
Original article: Philanthropy Forum In April 2012 Ron moderated a plenary panel on Impact Investing at the Global Philanthropy Forum in Washington, DC. If you cannot view the video, visit the philanthropy forum...
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