Management Oversight
Iowa State University Foundation's investment and spending guidelines are overseen by the Investment Committee of the Iowa State University Foundation Board of Directors.
The Investment Committee is made up of 6 to 8 volunteers who are alumni of Iowa State University and have investment or finance experience in their professional careers.
The Investment Committee develops guidelines and procedures for the investment programs. Iowa State University Foundation investment staff administers the program according to these guidelines.
For the management of the assets of the long-term pool, the investment committee selects investment firms based on their expertise and experience in specialized portfolio management. At June 30, 2009 there were more than 40 of these firms managing different levels of the long-term pool's assets.
Consulting
Cambridge Associates LLC provides investment consulting services including: asset allocation and spending reviews, investment guideline reviews, investment manager searches, and performance evaluation.
Custody
Wells Fargo Bank, N.A. provides master custody services including asset safekeeping, income collection, trade settlement, cash management, market pricing, and both consolidated and separate account reporting. |
