Policy 56
Approved Administrative Committee 840.3INVESTMENT
PURPOSE
1. The purpose of the Investment Policy (“Policy”) is to outline the rules governing the investment of the University of Ottawa (“University”) treasury portfolio, which includes its capital, operating and trust funds.
2. This Policy excludes the investment of non-expendable endowment funds at the University (see Policy No. 111 Non-Expendable Endowment Funds).
3. The University treasury portfolio shall be invested by the University in such a manner so as to preserve capital and to maximize the investment income of the University.
4. The asset mix, authorized investment instruments, minimum quality requirements, maximum quantity restrictions, and performance objectives are outlined in the Statement of Investment Procedures and Guidelines for the University treasury portfolio that is approved by the Executive Committee of the Board of Governors.
5. The University may retain external managers to invest the University treasury portfolio. The appointment and removal of such external managers shall be approved by the Executive Committee of the Board of Governors.
6. The Treasury Committee is responsible for overseeing the management and investment of the University treasury portfolio.
7. No exception may be made to the Policy without the written consent of the Executive Committee of the Board of Governors.
Revised May 28, 2007
(Office of the Vice-President, Resources)