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Investment Committee Terms of Reference 2014-15

The Investment Committee is a sub-committee of Finance and General Purposes Committee (F&GPC). It meets once a term and reports to the F&GPC.

(i) To be responsible to and to report to the Finance and General Purposes Committee for all investments;

(ii) To recommend to the Finance and General Purposes Committee and the Governors the appointment of investment managers to undertake the day-to-day management of the College’s investments in accordance with agreed policy;

(iii) To formulate and to keep under review the policy governing the College’s investments, including the “Powers and Restrictions”, and to make recommendations to the Finance and General Purposes Committee thereon;

(iv) To receive regular reports from the investment managers and to keep their performance under review.

The aims of the Funds are to provide growth in income and capital over the long term.

Powers and Restrictions

(i)   The investment managers may invest in securities which are dealt with on any recognised stock exchange, subject to the restrictions set out in the College’s Financial Regulations;

(ii)  With regard to equities, normally no one holding should bring the total holdings in that organisation above 5% of the market value of  the Fund or 5% of the issued share capital of the company;

(iii)  Where urgent action is required the Director of Finance is empowered to act on behalf of the Committee. Such action shall be reported to the next meeting of the Committee.