University of Vermont

Board of Trustees

Investment Subcommittee

Investment Subcommittee

The Subcommittee shall have responsibility for oversight, hiring, and termination of managers and advisors engaged for the investment of the University’s Long-term Investment Pool, and shall report on these actions at regular meetings of the Budget, Finance, and Investment Committee (“the Committee”). The Subcommittee shall also exercise the responsibilities assigned to it with respect to investment of the Wilbur Fund under an Investment Management Agreement in effect between the University of Vermont and State Agricultural College Board and the University of Vermont Board (“UVM Board”) under which Wilbur Fund assets are co-invested with those of the University. In addition, the Subcommittee shall exercise the responsibilities assigned to it under an Investment Management Agreement in effect between the University and The University of Vermont Foundation under which Foundation assets are co-invested with the assets of the University.

The Subcommittee shall be responsible for making adjustments to individual investment allocations to conform to the University’s asset allocation policy as recommended by the Committee and approved by the Board. The Subcommittee shall also review the asset allocation policy and make recommendations to the Committee for its consideration at least once annually. 

For as long as an Investment Management Agreement remains in effect between the University of Vermont and State Agricultural College Board and the University of Vermont Board, at least one member of the UVM Board shall be appointed to this Subcommittee (thus also serving as a member of the Committee) who shall among other responsibilities as a member of the Subcommittee act on behalf of, and report to, the UVM Board with respect to the investment of the Wilbur Fund. 

The Subcommittee shall, between meetings of the Committee, make decisions relating to investment managers and investments that are necessary in the best interests of the University. Any such decisions shall be reported to the Committee at its next regular or special meeting. 

The Subcommittee shall oversee the work of the University Treasurer with respect to execution of investment decisions and cash management policies in regards to the Limited-Term Investment Pool. 

Trustees

Robert Brennan (chair)
Don McCree (vice chair)
David Aronoff
David Daigle


Agendas & Approved Minutes

2018
October 24
Agenda
September 26
Agenda
August 7
July 18
June 20
May 23
March 28
February 14
January 30

2017
December 19
September 25
July 26
June 28
May 25
March 22
March 6
February 23

2016
December 19
November 16
September 28
July 27
July 1
May 25
March 23
February 17
January 28
January 21

2015
December 16
November 18
October 26
September 23
July 22
June 24
June 18
June 8
May 27
May 13
May 11
April 23
March 25
February 25

2014
December 17
November 19
October 24
September 24
August 13
June 25
May 28
March 26
February 26

2013
December 18
November 20
September 23
August 8
July 16
May 22
March 27
February 27
January 8

2012
December 19
November 28
October 24
September 26
August 22
July 26
June 27
May 23
April 25
March 28
February 22
January 6

2011
December 21
November 16
October 26
September 28
August 24
July 27
June 22
May 25
April 27
April 12
March 22
February 23
January 21

2010
December 15
November 29
October 20
September 15
August 18
July 20
July 12
June 10
May 19
May 5
April 21
March 17
February 23
January 13

2009
December 17
December 2
November 18
October 21
September 10
July 22
June 18
May 20
May 8
April 15
March 18
February 18
January 27

2008
December 17
November 26
October 22
September 24
August 20
July 22
June 26
May 27
April 16
March 19
February 25
January 11

2007
December 19
November 29
October 17
September 6
August 15
July 19
June 25
June 20
May 17
March 21
February 8
January 29 & 30


Last modified October 15 2018 10:46 AM