4 May 2020 – Following the devastating impact of the Coronavirus pandemic on the economies of many countries, Alquity Investment Management (Alquity) has launched a 40-40 Campaign to accelerate its support for those most affected in emerging markets.
Alquity’s business model has always donated 10% of the company’s fee revenues to social support for the most disadvantaged people in the emerging markets in which it invests. It has already transformed around 60,000 lives through historical donations now totalling over US$2million.
The 40-40 campaign quadruples that commitment, with Alquity donating 40% of its net management fees derived from new investments into its funds for the remainder of 2020 – including the Alquity Indian Subcontinent fund, which is on the Chelsea Selection.
Via Alquity’s Transforming Lives Foundation, a registered charity, the money will be delivered to charity partners running projects specifically aimed at alleviating the impact of Covid-19.
A spokesperson for Alquity, said: “Our campaign aims to generate sufficient donations to support projects that will have a transformational impact on communities already suffering discrimination, hardship and economic exclusion, which has only been made worse by the Covid-19 epidemic.
“The Alquity Transforming Lives Foundation has already committed an initial US$40,000 to kick start the 40-40 Campaign and is working with our charity partners to identify specific programmes that can deliver tangible impact at this time of crisis.”
Darius McDermott, managing director of Chelsea Financial Services, added: “Alquity has always had believed in giving back to the communities in the countries in which it invests.
“We are delighted to have been asked to partner with Alquity in this campaign. From now until the end of this year, 40% of their annual management charge from investments into the funds by our clients will be donated to the cause.”