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November 7, 2024
Tips for Writing a Great Investment Policy
For schools who have an endowment, a comprehensive and well thought out investment policy statement (IPS) is critical. Today I share with you a resource, "Non-profits: 13 Elements to Writing a Great Investment Policy" by Russell Investments. "The IPS fills a vital role in helping lay the foundation of an organization's overall governance structure and ensuring that all fiduciaries are fulfilling their obligations."
This guide indicates that the following 13 items should be included in your IPS. Each of these is described in the full article:
Purpose and scope
Definition of duties
Objectives and circumstances
Strategic asset allocation framework
Rebalancing
Liquidity policy
Spending policy
Risk management
Responsible investing
Unique circumstances
Monitoring and review process
Acknowledgement
Appendix: Asset role strategy statements
Read Guidance
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