Blayney Chronicle- Chris Cuffe cannot escape his tag as the $33 million man. But six years after the former head of Colonial First State left the funds manager with a notorious golden handshake, he is back in the business – only this time doing it for charity.
What is more, he has convinced 15 leading fund management companies also to work pro bono, potentially forgoing more than $1million a year in fees for a good cause.
Mr Cuffe, now executive director of the non-profit organisation Social Ventures Australia (SVA), set up the Third Link Growth Fund with two aims: to provide retirees and other investors with a high-growth investment fund and to contribute almost all the fees received from investors to SVA.
Mr Cuffe today announces the names of the fund managers he has chosen to work free, among them Goldman Sachs JBWere, Colonial First State, Perennial Investment Partners and Pengana Capital.