Truth or dare – transparency by vanguard social investors reveals risks and returns in a maturing market

A landmark study released today via the Government’s open data portal reveals for the first time historic performance of UK social investment activity.

eX Dataset1_by year

The total financial performance (comparing all capital draw downs with all capital, interest and fee payments) over the 12 year period was negative 9.25% (-0.77% annualised)*. Counterintuitively, this is remarkably good given that pricing of capital was driven by affordability and not risk adjusted. Moreover, most of these social investments were made after the investees had been refused finance from High Street institutions. They would therefore be classified as high risk deals.Read More »