Bottoms up
Article Abstract:
United Kingdom charities use foreign investments for 16% of their portfolio, and this gives them access to investments that they cannot find in the UK, as well as allowing tem to diversify. UK fund managers tend to use an allocation methodology which consensus-driven, and this means that a great deal of attention is paid to peer performance. The index is not suitable as an alternative, but a 'bottom up' approach to investment canbring good returns, as is shown by Lazard Asset Management.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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Going it alone
Article Abstract:
United Kingdom charities sometimes manage their own investment portfolios, as is the case for some Oxford and Cambridge university colleges. Major charities may have in-house teams. The Church Commissioners have nine staff dealing with investment management. The Church Commissioners' real estate investments have previously led to problems, but their performance has improved. Charities can also vary the amount of discretion allowed to their fund managers.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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What a performance
Article Abstract:
Performance related fees may become more common for fund managers serving charities.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 2000
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