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)
Briar Alpert
David Aronoff


Agendas & Approved Minutes

2020
October 14 Agenda  
September 17 Agenda
August 12 Agenda
July 15 Agenda
June 17 Agenda
May 12 Agenda
April 15 Agenda
March 10 Agenda
February 11 Agenda
January 15 Agenda

2019
December 17 Agenda
November 19 Agenda
October 30 Agenda
August 14 Agenda
August 2 Agenda
July 17 Agenda
June 18 Agenda
May 23 Agenda
April 16 Agenda
March 29 Agenda
February 12 Agenda

2018
December 19 Agenda
November 15 Agenda
October 24
Agenda
September 26
Agenda Minutes
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


Last modified October 14 2020 04:16 PM