Charity Investment — Theory and Practice
This programme is designed to equip charity trustees and finance staff entrusted with stewardship of charity investment portfolios with investable assets of £10m or more, with the tools needed to ensure their financial assets are best invested to meet their organisational needs.
The programme is divided into three parts of two-days each, in order to minimise disruption to busy schedules.
Progamme Dates and Costs
Part 1: Tuesday 21st May — Wednesday 22nd May 2019
Part 2: Tuesday 11th June — Wednesday 12th June 2019
Part 3: Monday 8th July
- £1,200 person for staff and trustees of charities and non-profit organisations, with a reduction to £995 for applications received by 18th April 2019.
- £500 per person for additional members of either the trustee board or senior management team. We want to encourage collaborative relationships between trustees and staff wherever possible.
- £6,000 per person for applicants from the commerical sector.
Register your interest to receive regular updates on the course.
Who should attend
The course is intended for Trustees and finance staff with existing investment knowledge or Investment Committee experience. They will normally be entrusted with the stewardship of charity investment portfolios with investible assets of £10m or more.
How to apply
Who is it for?
The course is intended for trustees and finance staff with existing investment knowledge or investment committee experience, and anyone entrusted with the stewardship of charity investment portfolios with investable assets of £10m or more.
We also want to encourage collaborative relationships between Trustees and finance staff wherever possible, so discounts are available for a second member of either the trustee board or senior management team from the same organisation.
The focus throughout the course will be on practical implementation of the concepts discussed, with case studies about and contributions from other leading charities. The course teachers will include both academics from Cass Business School and practitioners from investment firms and charities.
In keeping with the focus on practical implementation, we have structured the course to minimise the potential disruption to the participants' busy lives. The course is divided into three sections, each of two days with a three week gap between each section.
The UK charity sector is enormously diverse by scale, by purpose and by organisational structure. However, one common feature shared by all charities is a desire to make the most of their resources.
This includes ensuring that the financial assets are invested to meet the needs of the charity, whether as a reserve to cover potential liabilities or as a source of return generation.
Most charities in the UK have small investment portfolios and are well served by the various charity specific pooled fund options currently available. However, charities with larger portfolios have scope to adopt more tailored investment approaches, but can find it difficult to gain access to impartial advice and guidance on a cost effective basis.
The largest charity funds may have sufficient scale to justify paying fees to investment consultants for bespoke advice, but many do not. Instead relying heavily on their fund managers for all their investment requirements, which can make it difficult to assess performance objectively or consider different approaches.
Charity Investment - Theory and Practice is designed to provide practical and comprehensive guidance for anyone entrusted with the stewardship of charity investment portfolios with investable assets of £10m or more.
The course has been designed to provide charity trustees and finance staff the tools they need to make these objective assessments and consider better approaches. The course will cover the following key areas:
- Setting investment objectives suitable to the charity's needs
- Establishing an investment strategy to meet these objectives
- The governance structure required to enable tactical decisions to be taken around this strategy
- Understanding investment risk and its relevance to your charity
- Selecting managers to implement your strategy
- Measuring success and monitoring progress
Professor Paul Palmer
Paul Palmer is Professor of Voluntary Sector Management and Associate Dean for Ethics, Sustainability and Engagement at Cass Business School, City, University of London.
He has extensive knowledge of financial, management and governance issues in the non-profit sector and served as a member of the Charity Commission SORP committee from 2000-2005. He acts as an independent consultant on charities to UBS Wealth Management, and an independent expert on charity issues for courts and arbitration.
Please follow this link for more information about Paul, including a detailed list of his previous publications.
John Harrison has over 30 years' experience in institutional investment both as a fund manager and as a consultant.
John spent most of his career at UBS Global Asset Management, starting in 1983 as a UK equity run portfolio manager and analyst within the firms' Charities Division. In 1991, he left to run charity investment teams, at first Lazard, and then Flemmings. John returned to UBS in 1994 as a fund manager of UK equity and multi-asset portfolios for UK pension funds and charities. Following his retirement from UBS in 2010, John has advised a range of institutional funds. He has also held the positions of Partner at Aon Hewitt, Senior Adviser at Allenbridge and Investment Director at Henderson Global Investors.
John pioneered the first specialist course on investment management for charities in the early 1990's and in 1994 he published Managing Charitable Investments as part of the ICSA Charities Management series. He is now a visiting Professor in Charity Investment at Cass Business School, City, University of London.
If you have any questions please contact CassCCE@city.ac.uk
Rathbones has been in business since 1742. Looking forward has carried us and our clients safely through many eras. We continue to move with the times, blending new ideas and the latest technology with our long-standing investment experience and constant values. Rathbones are one of the leading investment managers for charities and not-for-profit organisations in the UK. We have £4.6* billion in funds under management for more than 1,000 charities, in portfolios that range from £10,000 to more than £100 million. To find out more about our investment services for charities, visit rathbones.com/charities
* As of 31 March 2018
UBS has specialised in wealth management for more than 150 years. Today, in the UK we deliver a complete wealth management service from our offices across the country. We also have a dedicated team of investment specialists who advise charities and who work closely with experts from our investment banking and asset management businesses, giving our clients access to the latest research and industry-leading investment solutions. For more information, visit www.ubs.com/charities-uk