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LGT buys Indian impact investor from Soros Economic Development Fund

LGT has announced it will acquire Aspada, an India-focused impact investment fund from its sole shareholder, the Soros Economic Development Fund (SEDF), in a bid to grow the bank’s LGT Lightstone initiative and “shape the future of impact investing”. Launched in 2013 by the SEDF, Aspada manages a US$100 million portfolio comprising more than 15 impact investments which span agricultural supply chains,…

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