Investment Committee: Many Happy Returns

Randy Hansell, Certified Financial Planner and long-time member of the Foundation’s Investment Committee, convened his first meeting as chairman. Discussions were held with Investment Committee members as well as with SEI, the Investment Manager for the Foundation. Market and world conditions as well as asset allocation strategies and performance were discussed. YTD performance (net of fees) of the Foundation’s main investment pool through July 31 was 10.99%. Five year performance of the main pool, net of fees, was 9.92%. Performance is ahead of the blended benchmarks set by the Committee. There were no portfolio adjustments recommended. The primary assets in the main investment pool are unrestricted endowments and endowed special purpose funds.

Leave a reply