Children’s Investment Fund Foundation
Hawaii-resident Bill Reeves is the co-founder of New York-based hedge fund Blue Crest Capital Management, where he served until 2014. During his time with the company, Blue Crest became the third-largest firm of its kind in Europe with over £30 billion in assets under management. Apart from his business pursuits, Bill Reeves is also an active supporter of various non-profit organizations in and outside of Hawaii. As part of these activities, he previously served as a board member at Children’s Investment Fund Foundation (CIFF).
Headquartered in London, CIFF is a philanthropic organization that works with a number of partners in order to transform the lives of people who are poor and vulnerable in developing nations such as India and Kenya. It has several priorities, one of which is deworming.
Around the world, over 800 million children are at risk of being infected by parasitic worms. Children who are infected with these parasites silently suffer, resulting in compromised health, nutritional deficiencies, and reduced cognitive abilities. Fortunately, there is a simple solution to this problem. A single deworming pill has been shown to significantly reduce the number of worms in the body.
With the goal of completely eradicating worm infections, CIFF works with several partners to provide support to evidence-based and sustainable deworming programs for children. Moreover, CIFF also funds operational and scientific research that tests the possibility of breaking the transmission of worms from child to child through mass drug administrations.
Third Way Capital Markets Initiative
Bill Reeves is an active member of the Hawaii community who focuses on educational programs in the islands and serves on the Kamehameha School’s Investment Advisory Committee. Bill Reeves also has board responsibilities with the East West Center in Honolulu, Hawaii, and with the Third Way Capital Markets Initiative.
With a focus on sensible policies that span partisan political affiliations, the Third Way Capital Markets Initiative conducts in-depth research on everything from economics to health care. A recent article released by Third Way focused on a study that found that new U.S. businesses need improved access to capital to expand.
There are two primary business types, transformational and traditional, with the latter focused on well-defined strategic models in traditional sectors such as hospitality. While a majority fail, transformational companies are those that seek to innovate and disrupt their given sectors, often in ways that also improve people’s lives. Examples of such companies started during the past decade range from Dropbox to Solar City.
Unfortunately, the ranks of these types of businesses have thinned over the past few years. This has to do with a drying up of traditional consumer lending resources that the youngest startups rely on to gain a track record and attract further investment.
Unable to access the desired private capital markets, they must often rely solely on the equity of partners and family members, as well elusive angel investors. For a majority of the startups surveyed, these funds are not enough, and potentially game-changing products, services, and technologies get left in the pipeline.