Delegation of Authority

The Subcommittee on Investments may retain the services of investment and financial industry professionals to assist in the management of Endowment assets.  The Subcommittee may hire investment managers, investment advisory firms, bank custodians, attorneys, accountants and/or other professionals as needed.  All entities retained by the Subcommittee will discharge their duties solely in the interest of the Rhodes College Endowment and for the exclusive purpose of meeting the College’s financial needs.  Each firm will be provided a copy of these goals and objectives and will be required to operate within the guidelines.