Tsao Family Office busts myths on impact investing, philanthropy

Investing with an eye to creating meaningful social impact does not mean investors have to accept low returns or that philanthropy equals ‘money lost’, a Singapore-based family office top executive told AsianInvestor. “l do have an issue with the term concessionary return for impact investment as it suggests that impact investment is a money losing venture,” said Mary Ann Tsao, chairwoman of the Tsao Family Office. “In my own family office’s experience, the financial ROI [return…