Progress and Profits Can Coexist, Says ‘Evolved Capitalist’ Bobby Turner
July 21, 2015
The Turner Impact CEO thinks smart social investors can make more in charter schools and affordable housing than they would with index funds, all while doing well for society.
NEW YORK (TheStreet) — An evolved capitalist is somebody that aims to do well for society without sacrificing yield for investors. That’s exactly what Bobby Turner, founder of Turner Impact Capital, considers himself to be.
“We believe that profits are driven by purpose,” said Turner. “We actually believe there is an interdependency between profits and purpose, and that by taking advantage of some of society’s greatest challenges, we can actually drive better risk-adjusted returns with lower correlation to the broader market indices.