Corporate Responsibility

We support communities in Central Tanzania thanks to our charity Hakuna Matata. Algebris has a formal standing commitment to match all donations and donate an additional 1% of the firm’s annual earnings to our partner charity Hakuna Matata.

We support medical and scientific research in Italy with our Italian based charity Algebris ETS. Algebris will match all donations and donate 1% of the firm’s profits to Algebris ETS

We are actively committed to carbon neutrality and have put into action our carbon off-setting project;

We strongly believe in valuing talent by working on educational training programmes for the future generation leaders.

By recognising the extreme urgency of climate change and its challenges, Algebris aims to achieve carbon neutrality and has committed to offset all its emissions since inception through an operation of both reforestation and afforestation.

In 2020 the company launched the AlgeTrees project with a commitment to plant 1 million trees in the coming years. Between 2019 to 2022, 99,842 trees have been planted and in 2023, we aim to plant a further 85,000.

The AlgeTrees project is being carried out in cooperation with Hakuna Matata, the charity founded by Davide Serra, that has been operating in Tanzania since 2010, helping orphaned children through education and health programs.

The project is simple and easily scalable, entailing precise steps:

• assessing the emission Algebris is directly responsible for (offices, flights, garbage, recycled paper);
• translating CO2 into an equivalent number of trees by making assumptions on the trees’ absorption capacity over their life-cycle;
• planting trees that can contribute to the economic welfare of the local community, in line with the UN Sustainable Development Goals (SDGs);
• monitoring their growth on an ongoing basis and replenishing the stock in the event some perish.

Looking at future developments, Algebris and Hakuna Matata will endeavour to make the knowledge we have collectively accumulated in developing the AlgeTrees project available to anyone (firm or individual) who intends to take action against climate change.

Read more about the AlgeTrees project and Algebris’ Sustainability Commitment and download our full report.

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Scholarship Programmes with Bocconi University

Merit is key to Algebris which has committed to Scholarship Programmes with Bocconi University in Milan starting in 2017.

To strengthen this commitment to promote merit and support new generations, in 2019 Bocconi University with the contribution of Algebris, has established the Algebris Chair in Long-term Investment and Absolute Return: a five-year chair aiming to facilitate access to the new frontiers of asset management for the most talented students, including through a direct experience with an innovative Training Camp (that took place in January 2020, attended by 30 selected students of the Bocconi University Masters’) involving top fund managers worldwide.

Create a future generation of fund managers

All these programmes share a unique purpose: to unlock the potential of young talent and create a future generation of fund managers able to master long-term investment and absolute return, ensuring sustainable growth.

In April 2010, Davide Serra and his wife, Anna Barassi, founded Hakuna Matata, a registered UK charity for which Davide acts as Chairman and Trustee.Hakuna Matata is primarily focused on helping orphaned children in Central Tanzania, through education and healthcare programmes.