Deutsche kicks off charity fund

DEUTSCHE Bank has become the first investor in a new venture philanthropy fund to tackle poverty in London.<br /><br />The London Fund, set to be managed by venture philanthropy firm Impetus Trust, is now calling for investment from other City firms to boost its initial value of &pound;1.3m.<br /><br />It is promising a more strategic approach to corporate funding, by delivering funding and expertise to charities that will have the biggest impact on the issue.<br /><br />Charities Blue Sky, Children Our Ultimate Investment and Street League are to receive investment.