legatum
is the silent founding backer of the legatum institute foundation and other branches of the legatum brand .
glassdoor has 18 legatum reviews submitted anonymously by legatum employees. read employee reviews and ratings on glassdoor to decide if legatum is right for you .
legatum fellows are expected to be fully engaged participants in the legatum community. expectations for engagement include :
the legatum center was established through a gift to mit by christopher chandler’s legatum foundation. legatum means legacy in latin. mr. chandler, the quieter of the two
legatum acquires building 6 in the dubai international financial centre (difc) as its new international headquarters, renaming it legatum plaza .
the legatum center at mit 77 mass ave, e48 - 401 cambridge, ma 02139 usa t + 1. 617. 324. 1875 e legatum @ urltoken w http: / / legatum. urltoken / casestudies
quadir is now at mit running the legatum center for development and entrepreneurship, funded with a $ 50 million long - term investment by the legatum group .
level 3, legatum plaza dubai intl. financial centre dubai, united arab emirates
the programme is led by hywel williams, senior adviser at the legatum institute .
glassdoor gives you an inside look at what it' s like to work at legatum, including salaries, reviews, office photos, and more. this is the legatum company profile. all content is posted anonymously by employees working at legatum .
further social development initiatives through the legatum foundation, the development arm of the legatum group, have led to investments which have impacted over 270 million people since 1999 .
for more information on the legatum group and our other divisions, please visit urltoken .
the legatum foundation, the development arm of the legatum group, allocates capital to projects, people and ideas that create sustainable prosperity amongst the poorest and most marginalised in society .
legatum has granted over $ 1 million to the north haiti environment and economic empowerment programme .
legatum, admiring campell’s undeniable passion, later appointed him as chairman of the end fund .
legatum becomes a partnership, providing a structure for the firm to endure beyond its founders .
if you have any questions regarding the fellowship, please email legatum - fellowship @ urltoken .
the legatum prosperity index™ offers a unique insight into how prosperity is forming and changing across the world .
official site - legatum foundation is an international private investment organisation that promotes sustainable development throughout the world .
legatum is a global private investment firm with a 30 - year heritage of long - term value creation. in addition to investments in the global capital markets, legatum’s portfolio includes investments in the following initiatives :
legatum is a global private investment firm with a 30 - year heritage of long - term value creation .
by creating principled leaders, the legatum center is generating enduring solutions that tackle the world’s most pressing challenges .
dominic st. george is co - portfolio manager in legatum’s capital markets team, responsible for research and management of legatum’s investment portfolio. prior to joining legatum in 2016, dominic was a partner at nevsky capital in london. dominic is aca qualified with deloitte and has a ba hons in economics from trinity college, dublin .
launched in partnership with independent public organisation legatum institute and funded by investment firm legatum group, the centre’s core goal is to promote entrepreneurship within both media and government with additional plans to provide resources and guidance for entrepreneurs .
legatum began addressing the scourge of neglected tropical diseases (ntds) in 2006. the remarkable success of its pilot programmes in rwanda and burundi led to the establishment of the end fund by the legatum foundation in 2012 .
the future is something alan mccormick, managing director of the dubai - headquartered legatum group, strongly believes in .
institute for public policy research the ippr rose out of the ashes of labour' s 1987 election defeat, aiming to invigorate leftwing thinking. the legatum institute the legatum institute is an independent policy, advocacy and advisory organisation .
legatum partnerships allow us to co - develop beautiful buildings that improve their surrounding areas while maintaining their cultural identity. buildings with smart and sustainable design that all shareholders find pride in. this is the legacy legatum is building .
legatum capital, the main piece of the legatum group, is a long - term commercial investment firm working in global capital markets. from its sovereign global heritage, the organization has experience investing in oil, steel, refining, banking and other sectors around the world. financial data for legatum capital was not available on the company’s website .
legatum' s mission is to generate and allocate the capital and ideas that can help people live more prosperous lives .
legatum' s story began more than a century ago. scroll down the page to learn more about our journey .
cumulative granting by the legatum foundation has impacted more than 100 million lives through 1, 440 projects in 107 countries .
prosperity is more than just the accumulation of material wealth, it is also the joy of everyday life and the prospect of an even better life in the future. watch legatum institute' s introduction video to the legatum prosperity index .
the legatum center has supported 235 fellows over the past 10 years and our community continues to strengthen year by year .
the next step on the journey, and legatum’s near - term vision, is to see the end fund work together with its partners to free a billion people of these diseases in the next ten years. legatum believes that nothing is impossible .
the legatum center empowers the mit community to accelerate social and economic progress across the developing world through innovation - driven entrepreneurship .
the legatum center supports entrepreneurs all around the world through the fellowship, seed grant, zambezi prize and open mic programs .
philip vassiliou is a chief investment officer and partner at legatum, primarily responsible for the oversight of legatum’s capital markets activities and the legatum ventures portfolio. mr vassiliou previously worked for the dubai development investment authority, promoting foreign direct investment, and in the equities & private wealth divisions of goldman sachs in new york and london. mr vassiliou is a graduate of babson college .
legatum center cases are available free to all registered users at thecasecentre. org. click on a case title below to access its record. if you are unable to access the cases or teaching notes through the website, please contact legatum @ urltoken .
this program’s origins actually date back to 2007, when we piloted the program in west africa with legatum foundation and stromme foundation .
legatum’s involvement with the end fund remains very strong; its role continuing to flourish, as adviser, donor and active partner .
the name legatum is derived from the latin word meaning a ‘legacy’ or ‘gift’. the concept of serving and giving is deeply rooted in legatum’s values and expressed in its mission to generate and allocate the capital and ideas that help people live more prosperous lives .
miucrocapital story, october 10, 2007: “ legatum invests $ 8. 4m in mumbai - based microfinance investment consultant, intellecap”
microcapital story, may 17, 2007: “share microfin ltd. receives historically largest indian microfinance equity investment from legatum and aavishkaar goodwell”
andrew doust is vice president of strategy at legatum, a private investment group. the legatum foundation ’s philanthropic portfolio invests in catalytic global development programmes and has allocated more than $ 100m to health, human liberty, education and economic empowerment projects in 107 countries .
damien tran is co - portfolio manager in legatum’s capital markets team, responsible for research and management of legatum’s investment portfolio. prior to joining legatum in 2012, damien started as an investment analyst at merrill lynch in london in 1999 and then worked for ziff brothers investment and the children’s investment fund before founding his own fund. damien earned a msc in finance from essec business school in france .
legatum is a private investment partnership with a 30 year heritage of long term value creation through investments in global capital markets. legatum invests proprietary capital in listed businesses with a focus on identifying hidden or unrealised value in investment themes that are often played out over years .
following the de - merger of sovereign, christopher chandler founds legatum with mark stoleson, philip vassiliou and alan mccormick. based in dubai, legatum draws on sovereign’s investment heritage, navigates through the choppy markets following the great financial crisis and sets a course for the future .
in 2015, the legatum institute was delighted to welcome students from the harris experience—a cultural and academic enhancement programme run by the harris federation .
. the institute continues to publish the annual legatum prosperity index™, a global index that measures national prosperity based on both wealth and wellbeing .
microcapital story, may 31, 2007: “new zealand - based billionaire’s legatum group buys $ 4. 5 million stake in indian microfinance firm”
. @ sanergy, cofounded by legatum fellows, mentioned in this recent news clip from @ watsupafrica on efforts to improve nairobi' s sanitation .
located in central london, the centre for entrepreneurs is a non - profit joint venture between think tank, the legatum institute and entrepreneur luke johnson .
the goal of the legatum center is to support fellows who bring elements of mr. quadir’s quadruple win style of entrepreneurship to low - income countries .
legatum fellow, aukrit unahalekhaka was recently highlighted in agfunder news for raising 1. 85m for his venture ricult. read the full article in agfunder .
i applied through a recruiter. the process took 1 day. i interviewed at legatum (dubai (united arab emirates) ) in january 2017 .
it was for this reason that they established an organisation independent of the legatum name, sought and empowered a ceo to lead the new initiative, and invited other donors to join them in their endeavour. by relieving themselves of ownership, legatum instead became a passionate adviser, donor and active partner .
the royal family of hrh princess moudi in saudi arabia has committed to supporting legatum fellowships through a generous gift to the legatum center. the hrh princess moudi bint khalid fellowships prepare citizens and long - term residents of saudi arabia for entrepreneurial careers that contribute to economic and social progress in the region .
sovereign was disbanded in 2006, the brothers struck out alone and now christopher chandler' s legatum operates both a huge fund and a growing philanthropic arm. it has also set up the legatum institute
to promote the principles that drive the creation of global prosperity and the expansion of human liberty .
the centre is named after chandler' s dubai - based legatum investment empire .
aid plays an important part in development but it' s a very limited role ,
says alan mccormick, managing director of legatum global development .
actually funding people in poverty takes a much more creative view .
legatum is a private investment group with a 30 year heritage of global investment, allocating proprietary capital to businesses and to programmes that promote sustainable human development .
it was after the success in burundi and rwanda that legatum first began to think bigger about the issue at hand and consider a global fund for ntds .
the legatum foundation launches the luminos fund, a philanthropic partnership focussed on helping 121 million out - of - school children around the world restart their education .
in 2006, the legatum foundation committed us $ 8. 9 million to combat seven ntds in rwanda and burundi using two new concepts of treatment delivery .
since 1999, legatum has allocated over us $ 110 million to 1, 480 life - changing projects, impacting over 270 million lives globally. learn more
the firm’s mission is to generate and allocate the capital and ideas that help people live more prosperous lives. legatum has a particular focus on encouraging and enabling entrepreneurship, the engine of growth and development, with the view that it is the catalyst for improved governance and social transformation. legatum’s investment in the center equips legatum fellows with the skills they need to succeed, not just as entrepreneurs, but as agents for change who will transform society and improve global wellbeing .
the legatum group is a global investment company that promotes sustainable development of countries around the globe. it set up the legatum foundation in 2000 with a mission
to alleviate the misery of those living in abject poverty and elevate their basic living conditions
and mccormick is proud of the work his teams are doing .
in partnership with legatum, we are launching the speed school fund, a pooled donor fund that aims to get six million children back into school by 2030 .
“together with legatum, we went to a school where a group of children were being handed these pills that would keep these awful bugs at bay, ’’ recalls campbell. “i was sold from that point on. when i actually saw the children being given these pills i was convinced by the work that legatum had been doing for the past few years. our family foundation lined up very well with legatum’s vision for the end fund, which provided a real bang for your buck. ”
over the past decade, legatum has funded over 125 projects aimed at educating and rescuing those caught up in human trafficking and slavery in countries like ghana and ecuador .
the legatum fellowship helped me expand my vision, management skills, network and even my desire to help people. not only has this support given me the courage to launch my venture, but it has also taught me to think big because anything is possible. – javier lozano, ceo, clinicas del azucar, legatum fellow –
legatum’s philanthropic portfolio includes investments in activities to promote entrepreneurship and free enterprise, programmes to create the policies and ideas that promote prosperity, and initiatives to alleviate poverty .
the legatum center for development and entrepreneurship creates economic opportunity for ordinary citizens in low - income countries by supporting the innovative and transformative business concepts and technologies of aspiring entrepreneurs .
rohan agarwal is an investment analyst in legatum’s capital markets team, responsible for research and analysis of existing and potential investments in various markets across the world. prior to joining legatum in 2014, rohan was an associate at pimco in new york. rohan is a graduate of yale university with a b. a. in applied mathematics and history .
the ideal legatum fellow will bring a deep level of know - how to his or her venture (whether related to a technical field, geographic area and / or industry sector) and thus have a competitive edge to lead their venture to success. it is key that these leaders are also self - motivated visionaries who embody the legatum mission .
the nine - storey 128, 000 square foot building is to be renamed legatum plaza and the firm plans to move into two floors that will form its new global headquarters .
the legatum foundation is the development arm of the legatum group, allocating capital at the bottom of the prosperity ladder to projects, people and ideas that create sustainable prosperity. we are inspired by the belief that every life is of infinite value, and for over a decade have funded thousands of small, community - based organisations across the developing world .
entrepreneurship is the engine of growth and development and a catalyst for improved governance and social transformation. encouraging and enabling entrepreneurship is one of the best ways to lift people out of poverty and promote prosperity. legatum has invested in entrepreneurship by founding and supporting the legatum center for development and entrepreneurship at mit and the centre for entrepreneurs (cfe) in london .
harriet maltby, a government & economic policy researcher with the legatum institute, provides deeper insight into the facts behind the report results in the interview conducted via e - mail below .
aid by definition is not sustainable. ultimately all communities need businesses. the legatum foundation is always trying to identify private sector solutions and create an enabling environment for entrepreneurs .
using mit alumni and legatum fellow bilikiss adebiyi - abiola as an example, the economist discusses the business schools that are increasingly keen to teach entrepreneurial skills to their students. the economist
ideas have a profound influence on the formation of society; from the values we embrace individually to the form of government we choose collectively. through the legatum institute in london, legatum invests in tackling the major challenges of our generation and seizing the major opportunities to ensure the legacy we pass on to the next generation is one of increasing prosperity and human flourishing .
join the legatum center for development and entrepreneurship at mit for a conversation on how entrepreneurs are launching innovation - driven ventures that create opportunities for women to participate in their local economies .
covering 96% of the world’s population and 99% of global gdp, the legatum prosperity index™ provides a more complete picture of global prosperity than any other tool of its kind .
12. iceland —with a population of just over 320, 000 people, the nordic island nation is in legatum' s top 17 countries for governance for the second year running .
the legatum institute’s 2014 prosperity index judges countries both in terms of income and measures of wellbeing. when the index first launched in 2007, the us tied for the # 1 spot .
the global investment group legatum has bought precinct building 6 of the dubai international financial centre (difc) - one of the few freehold buildings not directly owned by the financial free zone .
legatum is driven by a deeper purpose. our vision is to see a more prosperous world for all, and we are committed to using our capital to help make that a reality .
as one of the most reputable male city residences on the bloemfontein campus of the ufs, legatum provides a platform for each young man to develop his own unique approach to tertiary life, while ensuring that the necessary support and guidance is provided, resulting in a well - rounded gentleman. you were born to stand out. make the right choice. legatum welcomes you .
, supports the legatum center and its mission to bring prosperity to the developing world through entrepreneurship. the center also enjoys support from the mastercard foundation, with an eye toward projects in africa .
the main achievement of legatum in relation to ntds over the past decade can be encapsulated in the 330 million treatments their funding has unlocked. their work has also led to alan fenwick’s organisation sci winning the prestigious queen’s anniversary prize 2008. fenwick’s gratitude and praise is grounded in the fact that legatum were willing to fund mda when other funders considered it either too risky or simply unproven .
in the same year legatum launches the africa awards for entrepreneurship programme, a pan - africa business competition that recognises and rewards the role models who are the inspiration for the continent’s continued growth .
the luminos fund is based on the success of the speed school programme funded by the legatum foundation which has helped over 110, 000 children get back to school in west africa and ethiopia .
applications will be reviewed by legatum staff, as well as a committee of mit faculty and industry experts. evaluations will be based on the eligibility, applicant, and venture qualifications described above .
teaching notes for the cases are restricted to educators who may use them to facilitate class discussions. legatum cases are appropriate for undergraduate - and graduate - level courses in international business and entrepreneurship .
15. austria — the german - speaking country is a non - mover, having come 15th in legatum' s last index. it is due to elect a new president in december .
kamil zniber is an investment analyst in legatum’s capital markets team, responsible for research and analysis of existing and potential holdings. prior to joining legatum in 2016, kamil was a senior associate in citadel’s long / short equity team out of london. kamil graduated from the huntsman program at the university of pennsylvania with a bsce from wharton and a ba degree from the college of arts and sciences .
fellowships the legatum center offers fellowships for incoming and current mit students who have demonstrated a commitment to impact in the developing world through their entrepreneurial ventures. the legatum fellowship is a selective, year - long leadership program that provides personalized programming, networking and mentorship, entrepreneurial skills and knowledge development, and financial support (including tuition support, stipend and seed grants) to launch and scale ideas .
with a further $ 3. 3 million, legatum replicated this programme in rwanda, where they also had a presence. whilst a seemingly obvious approach, legatum and fenwick’s model was the first of this nature that had ever been undertaken. the overall model proved to be a very significant innovation, instantaneously making its mark on history. legatum was able to fund the entire project, implementing all work in the field through geneva global. in addition, pharmaceutical companies, glaxosmithkline, johnson & johnson, merck, pfizer and merck serono, played an overwhelmingly generous role of donating the majority of medicines .
jon springer: the entrepreneurship & opportunity index has shown the most growth globally, more than doubling since the legatum prosperity index began in 2009. where do you see the exemplars of this in asia ?
legatum’s mission is to generate and allocate the capital and ideas that help people live more prosperous lives and this has led to investments in social development initiatives which have impacted over 270 million people since 1999 .
in 2012, legatum established the end fund as an independent vehicle to bring together private donors to accomplish one big goal: to see an end to neglected tropical diseases (ntds) in our lifetime .
the brothers have cultivated an air of mystery. the legatum centre' s director, iqbal quadir, describes christopher chandler as a
very global person who cares about how the world is shaping up
.
the legatum fortune technology prize will encourage business to tackle poverty through technology. at brainstorm tech, the discussion ranged from apple to the next xo laptop, and from changing tech standards to changing the world .
the global network for neglected tropical diseases, mainly in burundi and rwanda. legatum' s funding launched country - focused programmes with an integrated approach to disease prevention that included governments, the pharmaceutical industry and local partners. legatum also facilitated the launch of the world' s first integrated large - scale, multi - year, country - wide ntd study and associated follow - up programme, treating millions of people .
campbell’s appointment accelerated legatum’s search for a ceo, and soon enough, they met ellen agler who had been serving as “senior vice president for international programs” at operation smile, an international medical charity for children .
the legatum foundation partners with two leading anti - slavery activists and donors to create the freedom fund, an ambitious seven - year effort to raise and deploy $ 100 million to combat modern - day slavery .
david matthew is head of trading in legatum' s capital markets team. prior to joining legatum in 2012, david was the head of trading at montrica investment management and the head of european trading at tpg - axon capital management. david also worked in various roles at caxton europe asset management and deutsche bank. david is a cfa charterholder and holds a ba in economics from the university of california - irvine .
legatum development is looking for like - minded, accredited investors that share our vision and desire to create new developments together. if you are interested, please get in touch by filling out the form below .
here she had managed programmes to provide comprehensive care to children with cleft lips and cleft palates in over 60 countries in latin america, the middle east, africa and asia. her experience and expertise were a sure fit for legatum’s long - term vision for the global fund they were creating. and so, the baton was passed onto agler, whom legatum was confident would serve well as the end fund’s inaugural ceo .
legatum ventures also invests in companies that help improve the technological abilities of mfis. these investments include a usd 4. 5m share in fino, which provides technological infrastructure for financial institutions, and a usd 2m for a 13 percent share of a. little. world, a company that provides banking services through mobile phones and biometrics. according to mix market, legatum ventures has invested usd 59. 9m in microfinance .
mark stoleson is the president of both legatum capital and legatum global development. he received his ba in international relations from occidental college and a jd - llm from duke university law school. stoleson was president of sovereign global development and head of group investments at sovereign global investment. prior to joining sovereign he worked as an attorney for akin gump strauss hauer & feld llp, in moscow, russia and dallas, texas .
research - driven innovation the legatum center connects students to faculty and researchers across campus doing high - impact research at the intersection of development and entrepreneurship. starting in fall 2016, the center started offering research assistantships for students seeking to understand and develop programmatic and policy interventions that promote systems change in the developing world through innovation - driven entrepreneurship. the legatum center also writes case studies as education tools for students and educators .
the legatum prosperity index offers another way to think about and rate how economies and quality of life within them are developing hand - in - hand. as noted in a recent report by the world bank on the
in addition to investments in the global capital markets, legatum’s portfolio includes investments in activities to promote entrepreneurship and free enterprise, programmes to create the policies and ideas that promote prosperity, and initiatives to alleviate poverty .
the legatum center for entrepreneurship at the massachusetts institute of technology is founded to challenge aid - based development orthodoxy and to promote a movement centred on free markets and entrepreneurship as the catalyst for economic and social change .
the firm continues to draw on its rich heritage of generating exceptional returns by investing in great companies. with the flexibility provided by proprietary capital, legatum takes a long - term approach to investing. with a global mandate, legatum is not bound by specific geographies or sectors, although historically the firm finds value where disruptive transitions create unique opportunities. a concentrated portfolio sees continued investment in opportunities with significant long - term potential .
launched in september 2011, the speed school initiative in ethiopia is an expansion of the model first pioneered by the 2007–2010 west africa speed school initiative - a programme jointly funded by the legatum foundation and strømme foundation .
we at legatum value our greatest commodity, which is our members. standing firm on our three guiding pillars – honour, unity, and strength – we seek to instil a true sense of belonging within the brotherhood .
the legatum fellowship financial award can only be applied towards mit educational expenses, such as tuition, stipend, and / or medical insurance. funds from the legatum center may be received to supplement, but not to duplicate, financial awards from other mit departments or from other foundations, institutions, or organizations. the combined financial award from all sources may not exceed the maximum limitation as prescribed by mit’s cost - of - attendance budget .
mission: legatum’s mission is
to generate and allocate the capital and ideas that help people live more prosperous lives
and this has led to investments in social development initiatives which have impacted over 100 million people since 1999 .
this, however, is the firm’s first foray into the microfinance space. “we are committed to social development through legatum global development that promotes global prosperity by using market - based solutions to solve long term development. we chose india as a destination among all other markets, because we feel that there is a huge untapped opportunity in providing even the basic financial needs to the rural poor in india, ” said mark stoleson, president, legatum capital .
“from the beginning, in terms of realising a dream, following an idea, or sowing seeds, legatum have provided the most useful kind of support, ” says agler. “certainly not just in terms of funding but with marketing, legal support, going into the field to visit programmes, hiring employees. i still speak with alan every two weeks. legatum are there, wherever they are needed. they are absolutely exceptional - amazing partners. ”
new york (fortune) - - fortune this week announced the legatum fortune technology prize, an annual $ 1 million award intended to reward for - profit efforts to provide products and services to the poor through the use of technology .
georgina campbell flatter, meng (oxon) sm, is a senior lecturer in technological innovation, entrepreneurship, and strategic management at the mit sloan school of management and the executive director of the mit legatum center for development and entrepreneurship .
t he dubai - based legatum foundation has donated $ 150, 000 to kick - start an ebola crisis fund to help stem the spread of the deadly disease sweeping west africa, by boosting local organisations raising awareness of transmission and infection .
- the paperwork and bureaucracy in dubai in relation to financial processes can lead to extended time taken to do simple tasks. - when corresponding with suppliers you may have to spell' legatum' phonetically to ensure they capture the name correctly .
the legatum prosperity index, 2017 - africa top 10 | @ legatuminst 1. mauritius 2. south africa 3. botswana 4. namibia 5. ghana 6. rwanda 7. tunisia 8. morocco 9. kenya 10. zambia urltoken
whilst on a trip to rwanda to see some of their development work being implemented by geneva global, the legatum leadership team were introduced to bill campbell, who was coincidentally staying in the same hotel. fate was again playing its part .
reflecting on legatum’s extraordinary journey in this sector, mccormick says: “the rwanda and burundi projects legatum catalysed in 2006 were an experiment. they accomplished far in excess of what we originally envisaged but that has now given us and others a vision to see these diseases eradicated in our lifetime. it can be done and it should be done. the end fund is a beautiful example of what can be done when people with a vision collaborate and work together on a problem. ”
why does an investment firm care about helping others? legatum is driven by a deeper purpose. our vision is to see a more prosperous world for all, and we are committed to using our capital to help make that a reality .
working alongside government donors, philanthropists and pharmaceutical companies that had provided drugs, legatum gave $ 9m to start pilot programmes in burundi and rwanda, with the aim of distributing doses of the drug praziquantel, to treat schistosomiasis, in schools .
legatum ventures, the venture capital arm of legatum global development, has made a several investments in the microfinance sector. the group invested usd 20m in the unitus equity fund ii (uef ii), a private equity fund investing in commercial microfinance institutions (mfis) around the world. while the financial data for the new fund was not yet available on mix market, its predecessor the uef is listed. to learn more about uef ii, please read this previous microcapital story .
mccormick had an international upbringing, living all over the world including kuwait, abu dhabi, colombia and india. he majored in politics and history at the university of london and spent eight years marketing businesses in the capital markets before joining legatum .
pronunciation: / le:' ga: . tum / etymology: from legatus, the perfect passive participle of lego (
send, despatch
). legatum (genitive legati); n, second declension: a bequest, legacy .
legatum is currently completing the renovation & addition to realize our ultimate goal of strong equity growth and reliable long term cash - flow. the project will repay a significant portion of the shareholder’s loan through a re - finance after construction is completed .
you' ve likely never heard of legatum. it is an enormously successful investment company controlled by christopher chandler. you will be reading more about chandler in coming months. the institution of this prize and the center at mit (created last year) mark the beginning of his emergence from a deliberate strategy of anonymity. he is one of the world' s great contrarian investors, worth many billions. legatum recently revealed that in india alone it currently controls $ 4 billion worth of investments .
final word: there are many more details within the report, and within the facts that makeup the legatum institute prosperity index worth exploring for businesses, entrepreneurs, government officials and ngos. ms. maltby highlights that readers using the report should note :
legatum is a private investment partnership with a 30 year heritage of long term value creation through investments in global capital markets. we invest proprietary capital in listed businesses with a focus on identifying hidden or unrealised value in investment themes that are ...
grants for mit students exploring a venture idea in a developing economy, the legatum center offers seed grants. students can use these grants to travel to the field, immersing themselves in their local market and experiencing innovation - driven entrepreneurship opportunities first - hand .
feature also can shed light on matters as it allows sorting the legatum prosperity index in an infographic format by region, year of index, indices, place in ranking (high, middle, low) and combinations thereof. christopher chandler of new zealand' s
through the legatum foundation we allocate capital to help the poorest and most marginalised people in society. always ambitious, the foundation takes on big challenges such as abolishing modern slavery, ending neglected tropical diseases and getting hundreds of thousands of impoverished children back into school .
the journey began in 2006, when one of legatum’s partners, alan mccormick, read a newspaper article which explained that by combining modest funding with a little imagination, you could effectively treat this basket of malevolent diseases that had otherwise been neglected by donors. with a broader vision always in mind, legatum decided to set themselves a larger, more audacious goal - to not only treat these diseases, but to control and eliminate them all together, and in turn, effectively change the lives of more than a billion people .
legatum was founded by christopher chandler, who was the 488 th richest person in the world as of 2007, according to forbes magazine. chandler and his brother richard began their successful investing careers by selling their parent’s department store in new zealand and investing the usd 10m in the hong kong real estate market. then, in 1986, they co - founded sovereign global which split into legatum and orient global in 2006. according to christopher chandler, the split was amiable and will now allow each brother to pursue new investment strategies .
the fellows of mit’s legatum center are on their way to having launched enterprises in 20 industries across 40 countries on five continents. one fellow’s venture uses mobile phones and predictive analytics to track patients’ symptoms for better care and has regularly been cited as one of the most exciting
legatum is a private investment partnership with a 30 year heritage of long term value creation through investments in global capital markets. the firm invests proprietary capital in listed businesses with a focus on identifying hidden or unrealised value in investment themes that are often played out over years .
as part of the legatum institute' s' the culture of prosperity' programme, the history of capitalism series was a three - year project that was set up to investigate the origins and development of a movement of thought and endeavour that has transformed the human condition .
more than 30 million people are trapped in modern slavery, forced to work in brothels, mines, sweatshops, plantations and fishing fleets around the world. founded by legatum foundation in 2013, in partnership with humanity united and walk free, the freedom fund is an active ingredient in a new abolitionist movement in the fight against modern slavery. building on fifteen years of anti - slavery work funded by legatum foundation, the freedom fund generates private funding, demonstrates how effective interventions can protect those at risk of being enslaved, invests in countries with the greatest incidence of slavery, brings together a community of activists committed to the cause and, ultimately, aims to bring an end to modern slavery. legatum hopes through the freedom fund to catalyse over $ 1 billion in new private antislavery investments over the coming decade .
through all of these efforts, we are shaping discourse on bottom - up development and systems change through principled entrepreneurial leadership. the legatum center for development and entrepreneurship at mit was founded to demonstrate the power of entrepreneurship to catalyze transformation in society and to improve global wellbeing .
“the end fund is special largely because of the legatum involvement, ” continues campbell. “they had a clear objective right from the beginning that they would try to be as efficient in the not - for - profit world as they were in the for - profit world. ”
through the legatum foundation, legatum invests in community - based organisations and projects that have improved the lives of over 270 million people through nearly 1, 500 projects in more than 110 countries since 1999. in many cases, only a modest initial grant is required to build upon an existing project and to ensure its sustainability. these projects are clustered into a series of strategic initiatives, each lasting three to five years. this approach maximises the impact of the grant and provides enough time to produce measurable results without encouraging over - reliance on a single donor .
the foundation requires that every grant demonstrates effectiveness, efficiency, and measurable results. it utilises the services of an advisory firm, geneva global, which vets each project and uses legatum' s unique proprietary reporting metrics to monitor and evaluate progress over the course of any given grant .
“we were attending an event at the house of lords in the uk when christopher chandler, legatum’s chairman, asked alan fenwick how much it would cost to rid africa of ntds, ’’ recalls mccormick. “alan replied that between $ 1 - $ 2 billion would be required to bring down infection rates to manageable levels and in many cases eradicate these diseases. ’’ legatum concluded that this probably underestimated the funds required and while even this was a huge sum of money, in terms of global health it was paltry, and moreover perfectly realisable through the right vehicle .
“legatum have shown themselves to be world leaders in a cross section of support to poverty in the world, not just to health, not just to ngos, but to supporting small business and other projects when that funding was just not coming from anywhere else, ” he says .
“legatum’s initial $ 8 million investment brought together for the first time all the actors. from legatum as funders, doctors, pharmaceutical companies, delivery organisations, local communities, government health departments and schools. together, we solved the logistical problem of mapping the diseases and delivering the drugs to where they were needed, on a massive scale. the rest, as they say, is history, or at least, is becoming so. we can at last look forward to a time when these diseases are a footnote to the story of the developing world. ”
the legatum foundation launches the end fund, the first private philanthropy fund dedicated to controlling and eliminating neglected tropical diseases (ntds). ntds are diseases of poverty that debilitate, blind, disfigure and cause early death to an estimated 1. 4 billion of the world’s poorest people .
the tenth edition of the legatum prosperity index™ is published. capitalising on ten years' worth of data, we can evaluate long - term changes in prosperity, pinpointing the drivers of progress and highlighting those nations that have made the greatest strides in turning their wealth into greater prosperity .
one key factor the survey considers is governance, which is broken down into three categories: effective governance, democracy and political participation, and the rule of law. legatum measured these variables by considering things like voter turnout, legislative independence, and the number of women in parliament .
more than 30 million people are trapped in modern slavery, forced to work in brothels, mines, sweatshops, plantations and fishing fleets around the world. founded by legatum foundation in 2013 in partnership with humanity united and walk free, the freedom fund is an active ingredient in a new abolitionist movement that is raising more than $ 100 million for the fight against modern slavery. building on fifteen years of anti - slavery work funded by legatum foundation, the freedom fund generates private funding, demonstrates how effective interventions can protect those at risk of being enslaved, invests in countries with the greatest incidence of slavery, brings together a community of activists committed to the cause and, ultimately, aims to bring an end to modern slavery. legatum hopes through the freedom fund to catalyse over $ 1 billion in new private antislavery investments over the coming decade .
in the second major investment by a foreign investor in an indian microfinance firm, legatum capital, a dubai - based privately - owned finance firm, committed a $ 25 million (rs125 crore) investment in share microfin ltd, a hyderabad - based microfinance institution which is india’s largest .
the $ 25 million investment makes legatum the majority shareholder with over 51% stake in share. simultaneously, another investor, avishkaar goodwell india, invested $ 2 million in share. the combined capital infusion, $ 27 million, makes this the largest such deal in the indian microfinance sector .
the legatum center for development and entrepreneurship at mit is a community hub for students, alumni and faculty who seek to accelerate social and economic progress through innovation - driven entrepreneurship. the center was founded in order to demonstrate the power of entrepreneurship to catalyze transformation in society and to improve global wellbeing .
references: please provide the names and contact information for 3 - 4 professional references. references should be able to speak to your potential as principled entrepreneurial leader and / or your commitment to impacting change in the developing world. legatum staff will only contact references if you are invited for an interview .
legatum, which has a foreign institutional investor sub - account registered with india’s stock market regulator sebi, has investments of over $ 1 billion in india. its fii, crown capital, owns close to 5% each in icici bank, hdfc, hdfc bank, uti bank and indiabulls financial services .
twenty - five - year - old legatum is a multi - billion dollar global fund managing proprietary capital. investing in india since 2005, legatum has been a major investor, especially in the indian financial sector with significant shareholdings in banks like icici, hdfc and axis and institutions like hdfc limited and idfc. they are also a majority shareholder is share microfin, one of the largest hyderabad - based microfinance institutions. with the recent crisis in the microfinance sector, mark stoleson tells somasroy chakraborty & arijit barman that india will see a flight of foreign capital unless the situation is solved quickly. edited excerpts :
our vision is to see a more prosperous world for all, and we are committed to using our capital to help make that a reality. legatum’s philanthropic portfolio includes investments in activities to promote entrepreneurship and free enterprise, programmes to create the policies and ideas that promote prosperity, and initiatives to alleviate poverty .
reinaldo normand is an entrepeneur in residence at the martin trust center and the legatum center at the mit. reinaldo has extensive experience in founding and running bootstrapped and venture - backed gaming and consumer internet startups in the united states, china and brazil, and has raised over $ 60 million in venture capital .
legatum was born out of a desire to invest in developments that create a lasting impact for all shareholders. for us, the shareholders include our local community, the partners, and those who occupy the spaces we create. to make a lasting impact we collaborate with all these shareholders from vision to completion .
the global prosperity index is the flagship publication of the legatum institute. first published in 2007, the index now benchmarks 149 countries around the world across nine distinct categories: economy; education; entrepreneurship & opportunity; governance; health; personal freedom; safety & security; social capital; and natural environment .
“the ebola crisis fund will meet an urgent and long term need for community health education and awareness raising especially in many remote areas, ” said andrew doust, legatum’s vice president of strategy. “improving health and hygiene practices generally will improve the resilience of communities to combat future outbreaks of ebola and other diseases. ”
springer: mongolia is 50 places ahead of india in the 2014 legatum prosperity index. what is going right in mongolia that the new prime minister to - be should keep up (as the office is currently vacated) and what is going wrong in india that the recently elected prime minister modi needs to fix ?
in rwanda, on the other hand, the government was unable to provide the required resources for a national plan; a symptom of a country still struggling to recover after the 1994 genocide. legatum’s funding was therefore crucial and provided rwanda with an incredible opportunity to implement a fully integrated control project against seven ntds .
the program, called the west africa children' s education strategic initiative, was co - funded by legatum foundation, the development arm of legatum group, a dubai - based global private investment firm. it was a $ 4. 2 million three - year project in which geneva global served as grant manager and the strømme foundation, a norwegian international development organization, served as program creator. the essential component was the accelerated learning program, a 9 - month
speed school
that helped kids get caught up so they could pass public school entrance exams and enter (some for the first time) the formal education system.
legatum limited , also known as legatum , is a private investment firm headquartered in dubai , united arab emirates . with a long-term perspective , legatum invests proprietary capital in global capital markets . the firm also invests in activities to promote entrepreneurship and free enterprise , programs to create the policies that promote prosperity , and initiatives to alleviate poverty . 
legatum limited, also known as legatum, is a private investment firm headquartered in dubai, united arab emirates. with a long-term perspective, legatum invests proprietary capital in global capital markets. the firm also invests in activities to promote entrepreneurship and free enterprise, programs to create the policies that promote prosperity, and initiatives to alleviate poverty.
legatum limited, also known as legatum, is a private investment firm headquartered in dubai, united arab emirates. with a long-term perspective, legatum invests proprietary capital in global capital markets. the firm also invests in activities to promote entrepreneurship and free enterprise, programs to create the policies that promote prosperity, and initiatives to alleviate poverty.