MONTREAL, Nov. 26, 2014 /CNW Telbec/ - The Concordia University Foundation (CUF) is taking a leadership role amongst North-American foundations in announcing the creation of a sustainable investment fund. Initially, the foundation will transfer $5 million of its assets into the fund with the potential to make additional contributions.
"We have been closely following the public discourse on divestment, social and ethical investing," says Howard Davidson, chair of the foundation. "The result includes the adoption of a responsible investment policy and exploring a new approach to asset management."
The CUF will select investment managers who will use a fully sustainable investment approach with the $5 million set aside for this new fund.
SOURCE: Concordia University
For further information: Fiona Downey, Concordia University, Tel.: 514-848-2424 ext. 2518, Cell: 514-518-3336, [email protected], Twitter: @fiodow