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Endowment Investment Policies

STATEMENT OF INVESTMENT POLICY AND INVESTMENT OBJECTIVES

Introduction

This statement of investment policies and objectives is hereby set forth in order that:

  1. The Board of Trustees and the Subcommittee on Investments shall have clearly defined investment policies and objectives as set forth herein.
  2. Assets of the Rhodes College Endowment shall be invested most productively and should experience long-term growth. The primary investment objective of the College is to maximize the financial return over the long term within an acceptable level of risk.
  3. The Sub-Committee on Investments shall engage an Investment Advisory Firm (outsourced Chief Investment Officer) to manage College Endowment Assets and shall monitor its performance.
  4. There will be a basis for evaluation of the investment performance of the Investment Advisory Firm over a full market cycle.

     

    Purpose

    Responsibility and Governance

    Duties of the Subcommittee on Investments

    Delegation of Authority

    Duties of the Investment Advisory Firm

    Duties of the Rhodes College Finance Office Staff

    Spending Policy

    Investment Objectives

    Investment Policy

    Performance Standards

    Proxy Voting

    Other Endowment Policies