SOROS AND GEM IN THE SUPPLY CHAIN: The global supply chain for the apparel and textile industries is getting a boost from a new venture investment firm that has received the backing of Alexander Soros and Global Emerging Markets. In the wake of recent disasters in Bangladeshi clothing factories, New York-based Tau Investment Management has received unspecified investments from Soros and GEM toward the $1 billion fund it plans to ultimately raise and deploy. Soros, the managing partner of Soros Brothers Investments and a son of billionaire George Soros, will join Tau’s advisory board. “Beginning with the apparel trade, there are countless opportunities for revaluing companies within industries that until now have grown fast, grown dirty and are in need of fundamental change,” Soros said. GEM is a $3.4 billion alternative investment group that has taken financial stakes in 305 companies across 65 countries. Tau, founded by Oliver Niedermaier with the slogan “capitalist solutions to capitalism’s failures,” plans to invest $20 million to $50 million in garment makers that generate $100 million to $1 billion in annual revenue. Tau also said it’s collaborating with GEM to evaluate potential targets for co-investment across emerging and developing economies. “Our new allies send a strong message to the investment community that there are credible opportunities to create value through the reformation of supply chains,” Niedermaier said.