“A Bold Statement” from Intel

On Tuesday, January 6, Intel made a bold statement at the annual International CES show in Las Vegas announcing an aggressive program to rebalance the gender and ethnic composition of its workforce. Facing several substantial headwinds including the very low percentage of both female and black in the technology workforce and the limited supply of skilled workers in those groups, Intel announced the creation of a $300M fund for engineering scholarships and support for historically black schools. “That’s a big deal” said Vivek Wadhwa, a fellow at Stanford University and author of a recent book on women in the technology industry.

Click here to read the complete New York Times article.

Whatever could bring a London hedge fund and a mental health charity together? The answer is a potential investor in the fund with a social mission. This match produced the Cheyne Social Property Impact Fund managed by Cheyne Capital, a $6B London hedge fund anchored by a seed commitment from Big Society Capital a government-established finance group with a focus on social impact. The mental health charity needed capital to acquire more property to care for the elderly and the needy.

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