PGS alum Josh Newman co-authors impact investment report


By Ryan Cabinte, Associate Dean

Published 10.16.13


Joshua Newman

Sonen Capital published a report this week detailing the financial performance of the KL Felicitas Foundation’s investment portfolio.  Josh Newman (PA2) was one of the co-authors.

The report, titled Evolution of an Impact Portfolio: From Implementation to Results, demonstrates that impact investments can financially compete with, and at times outperform, traditional asset class strategies, while pursuing meaningful and measurable social and environmental results.

“This report is the first of its kind,” said Newman.  “We detail results achieved by an impact investment portfolio invested across asset classes that is designed to produce market-rate financial returns alongside meaningful social and environmental impacts.”

The report covers results achieved by the portfolio's impact investments for the seven years from 2006 to 2012. By end of 2012, the portfolio had moved from an initial 2% to 85% deployed in impact investments, and demonstrated the ability to achieve index-competitive, risk-adjusted returns.

Raúl Pomares, Sonen’s Senior Managing Director said, “We are extremely excited to share this report with the broader financial services industry in the hopes of discrediting the myth that investing for positive social and environmental outcomes requires a financial sacrifice.”

Ryan Cabinte, Associate Dean

We want to hear what you think.
Send your feedback and comments to

Related Articles

Student Clubs

ISC Partners with Bona Fide in Nicaragua

Trip Photo Gallery SERIES BY: Alex Grande C23, Robert Bartolucci C23, Remi Mateo P7, Christina Johnson C21, and Erin Moore C25/PA8 Part...


From Mattel to Cisco: In the Trenches with Kathleen Shaver

Kathleen Shaver, MS, is Director of Sustainability and Risk at Cisco Systems where she has been the architect of Cisco’s...

Alumni / Impact Investing / Presidian / San Francisco / SF Alum Feature / Students

PGS Alumna Spotlight: Megan Morrice - Impact Investing

Megan Morrice, C20 Leading Client and Partnership Development at HIP Investor HIP Investor is a global leader in impact investing,...