Fiscal Year: 2013
Chair: Ross B. Kenzie
- William M.E. Clarkson
- Jeremy M. Jacobs, Jr.
- Northrup R. Knox, Jr.
- Anthony B. Martino
- Ronald M. Schreiber
Special Committee Members:
- Gordon R. Gross
- Alan F. (Pete) Grum
- Richard O. Hopkins
- Luke T. Jacobs
- William L. Joyce
- Joseph M. Kessler
- Arthur F. Duc. Musarra
- Stephen R. Robshaw
- Christian-Ioan Tiu
Meeting Schedule: September, December, March, June
Staff Support: Richard J. Kustich, Edward P. Schneider
The Investment Committee helps the boards of the University at Buffalo Foundation and Affiliates (UBF) discharge and perform their duties and responsibilities by working with corporate management and by acting on behalf of the boards regarding the management of investment affairs, as appropriate, including:
- understanding the risks in various investment strategies;
- measuring and monitoring risks; and
- ensuring that UBF has been appropriately rewarded for these risks.
All members shall have a basic understanding of investments and be able to read and understand various investment reports, and at least one member of the committee shall have investment and related investment management expertise.
The Investment Committee's duties and responsibilities are to:
- Be responsible for the oversight of the investments of UBF and report on same to the boards.
- Determine investment guidelines, performance measurements, goals and objectives.
- Establish written statement of investment policy, including an appropriate spending policy, consistent with the goals and objectives.
- Choose an appropriate asset allocation strategy.
- Evaluate and select appropriate investment consultants, money managers, custodians, mutual and commingled funds, partnerships or other vendors to implement the investment policy.
- Monitor and evaluate the activities of the overall investment program for compliance with written statement of investment policy and with guidelines, performance measurements, goals and objectives.
- Comply with UBF's conflict of interest policy, and related expectations which would include not hiring any committee members or their firms to provide any investment services to UBF.
- Comply with the provisions of all pertinent federal and state laws and regulations.
- Review this charge annually or as often as necessary and recommend changes, if any, to the boards and perform any other activities consistent with this charge that the boards deem appropriate.
- Maintain an education program on investments for the benefit of the board, committee members and staff.