Investment Committee

(As approved by the Board of Trustees in May 1996, amended March 2001, amended December 2006, amended March 2012)

1. The Investment Committee shall be composed of the Chair of the Board, the Chancellor, the Principal and the Vice-Principal (Finance and Administration) who shall be ex-officio members and up to 10 additional members, of whom at least 3 shall be Trustees.

2. Appointments shall be made by the Board of Trustees on the recommendation of the Nominating Committee for terms of 3 years with one-third, as near as may be, completing their terms on 31 May each year, but eligible for re-appointment normally to a maximum of 12 years of service.

3. A Chair and a Vice-Chair will be appointed by the Board.

4. The Secretary of the Board of Trustees shall ensure that a secretary is available to support the committee.

5. A majority of the Committee, excluding ex officio members, shall constitute a quorum.

6. The Committee shall meet quarterly, and at such times and places as it deems advisable.

7. The Committee reports annually to the Board of Trustees at which time it will provide an update on activities during the prior year. The Committee may report more frequently than annually if so requested by the Chair of the Board.

8. The Investment Committee shall:

   1. Make recommendations to the Board of Trustees concerning the management of the investment funds of the University (Queen's Pooled Endowment Fund, Queen's Pooled Investment Fund, Queen's Short-term Fund) and other funds as requested by the Board of Trustees;

   2. Within the statutory authority of the University, invest and, within such policies as may be established from time to time by the Board, give direction to any Investment Manager appointed from time to time for the management of the funds;

   3. Have the delegated authority from the Board of Trustees to terminate any Investment Manager whose strategy and/or performance does not meet the objectives established by the Committee, and the delegated authority from the Board of Trustees to hire Investment Manager to manage investment funds. Such decisions shall be communicated to the Board of Trustees at the next meeting of the Board.

   4. Act in an advisory capacity when the Board of Trustees decides on the dollar amounts to be withdrawn each year from investment funds to support operations;

   5. Review at regular intervals the University's investments and monitor the performance of each Investment Manager with a view to maximizing the total return, keeping in mind the need for immediate income as well as the preservation and enhancement of the future purchasing power of the funds;

   6. Supervise the safe-keeping and handling of the University's investments which are under the Investment Committee's jurisdiction.

 

Membership	Status	Term Ends
D. Dodge	Ex Officio
D. Woolf	Ex Officio
B. Palk	Ex Officio
C. Davis	Ex Officio
L. Hansen	Appointed	Jun-2013
E. Speal	Appointed	Jun-2013
P. Copestake	Appointed	Jun-2014
K. McKinnon	Appointed	Jun-2014
W. Young	Appointed	Jun-2015
G. Pugh	Appointed	Jun-2014
D. Raymond	Appointed	Jun-2014
J. Keohane	Appointed	Jun-2014
G. Steffensen	Appointed	Jun-2014
R. Pratt	Appointed	Jun-2016

 

Chair: D. Raymond
Vice-Chair:  J. Keohane
Secretary: B. O'Neill