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Investment intermediaries in economic development: Linking public pension funds to urban revitalization


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  • Lisa A. Hagerman
  • Gordon L. Clark
  • Tessa Hebb
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    It is difficult for large investors, such as pension funds, to make investments in EDMs because they must make very large investments. The investments in communities of need, however, are usually small. The most successful strategy to overcome these two problems is for investors to work in concert with intermediaries that can aggregate the investments and community partners that understand both the need of communities and know how to tell “the story” to investors.

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    Bibliographic Info

    Article provided by Federal Reserve Bank of San Francisco in its journal Community Development Investment Review.

    Volume (Year): (2007)
    Issue (Month): ()
    Pages: 45-65

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    Handle: RePEc:fip:fedfcr:y:2007:p:45-65:n:v.3no.1

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    Cited by:
    1. Thierry Theurillat & Jose Corpataux & Olivier Crevoisier, 2008. "Property Sector Financialization: The Case of Swiss Pension Funds (1992--2005)," European Planning Studies, Taylor & Francis Journals, Taylor & Francis Journals, vol. 18(2), pages 189-212, December.
    2. Tessa Hebb & Ashley Hamilton & Heather Hachigian, 2010. "Responsible Property Investing in Canada: Factoring Both Environmental and Social Impacts in the Canadian Real Estate Market," Journal of Business Ethics, Springer, Springer, vol. 92(1), pages 99-115, April.


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