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  Investment Subcommittee

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This page and related links last reviewed on November 3, 2007

Reports to: Finance Committee

Charge: To provide guidance to the Finance Committee in matters related to College investments through the periodic review of investment policies and results, the selection of an investment consultant and investment managers, and ensuring that decisions made by investment managers conform to CAP investment policy.

Time Commitment Time Commitment

Number of face-to-face meetings: 2
Length of each meeting: 1 day each
Typical meeting days of the week: Thursday or Friday

Location of meetings: Destinations that are within one hour driving distance from the airport. Committee prefers to meet in January, June and September. The September meeting meets in conjunction with the CAP annual meeting.

Number of conference calls: 4 or 5 calls per year

Hours of committee work required outside of meetings:
Member: To review the agenda materials, 2 hours prior to the meeting depending on the topic; 1 hour prior to each conference call
Vice Chair: To review the agenda materials, 2 hours prior to the meeting depending on the topic; 1 hour prior to each conference call
Chair: To review the agenda materials, 2 hours prior to the meeting depending on the topic; 1 hour prior to each conference call

Additional travel or time commitments: None

The committee chair is required to attend the CSA Leadership meetings, which take place two times a year. Committee member attendance at the CAP annual meeting is strongly encouraged. Attendance at AACC meetings.

Activities of Committee Activities of Committee

The committee reviews the investment results each quarter and evaluates the need for any changes to the allocation of the College’s portfolio as recommended by the investment consultant. Meetings include time to evaluate the performance of the managers employed by the College and make recommendations to continue or terminate the relationship. The committee dedicates effort to understand the changing investment opportunities and the risk and reward of new investment sectors. Review the Investment policy guidelines regularly and recommend changes. All actions of this subcommittee need Finance Committee approval.

Expertise or Experience Required Expertise or Experience Required

A basic understanding of investing is helpful.

Benefits to membership on this committee Benefits to membership on this committee

Participation on this committee provides education on investing and market.

Representation on committee beyond the CAP:

  • An investment consultant employed by the College attends all meetings and conference calls.
 

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