EVENTS

Meetings are held up to four times a year in London.  Members must register to attend.  You are welcome to attend a meeting before joining, please contact us in advance.

Thursday 13th February 2020 at 4pm

REVIEWING YOUR CHARITY INVESTMENTS

Are you asking the right questions for investment reviews? How often should you review and what are the main concerns charities and investment managers have when conducting a review?

These topics and others will be discussed at a lively and interactive session. 

 

The venue and further details will be available in due course.
 

15th October 2019

SOCIAL CAPITAL FOR CHARITIES

We were delighted to welcome Benjamin Rick, from Social and Sustainable Capital, to discuss the issues surrounding charities ability to obtain and invest into sustainable capital that has a social impact. 

This meeting was very kindly hosted by Lane Clark & Peacock LLP.

Please find Ben's presentation here.

9th May 2019

MERRYN SOMERSET WEBB

We were delighted to welcome Merryn Somerset Webb to talk about 'the nature of charity and the impact of the rise of ESG responsibilities on how charities should invest and interact with their managers'

With thanks to Aberdeen Standard for hosting

18th March 2019

INTENTIONAL INVESTING: ESMEE FAIRBAIRN

We were delighted to welcome Matt Cox, Investment Director of the Esmee Fairbairn Foundation; to outline how the Foundation seeks to align the mission and aims with the investment strategy.  

 

His presentation can be downloaded here. 

With thanks to Schroders for hosting

10th May 2018

HOW SAFE IS YOUR INCOME?

With thanks to Artemis for hosting

31st January 2018

RESPONSIBLE INVESTMENT: DOES ENGAGEMENT WORK?

We were delighted to welcome Professor Elroy Dimson and Toby Belsom to tackle the topic; responsible investment, does engagement work?

This meeting was kindly hosted by Legal & General.

13TH SEPTEMBER 2017

TRUMP: INSTABILITY AND OPPORTUNITY?

We are delighted to welcome Professor Clarke, a Senior Associate Fellow of RUSI who will speak on the inherent stability risks and even unexpected advantages of the Trump presidency.

https://rusi.org/people/clarke

26TH JUNE 2017

BENCHMARKING

We were delighted to welcome Oliver Bates, Sarasin & Partners LLP and Mick Brant, Teknometry to introduce a new charity peer group metric.  The presentation is available here.

James Brooke Turner, Finance Director, Nuffield Foundation also shared his thoughts on benchmarking for long term charity investors.  The presentation is available here.

The AGM was held at the beginning of this meeting and our new constitution was ratified.  The AGM presentation is available here.

Highlights from CIG committee member Andrew Wimble

Introduction: A new charities performance management universe was required following the demise of WM in March 2016. There were several challenges, most notably the collection of data and the distribution of that data once collated. Teknometry, based in Leeds, have 9 (about to be 10) firms committed to the new universe, representing over 1,300 portfolios and assets of £14.5bn

Mick Bryant, Teknometry 

The Universe will have five years of data and participants will submit data online direct to Teknometry. Noting a few features within the presentation:

1. Data will be submitted net of fees

2. Maximum of any one firm within the Universe will be 20%

3. Charities must be “in it to use it”, with no distribution rights

4. Investment managers not in the Universe will not be able to use it

5. Size bias: there may well be a ‘cash drag’ effect for smaller charities owing to their relatively high cash allocation

6. Estimated cost per investment manager participant will be £8,500

7. Each performance report should be issued two days after submission deadline, which is on the 15th business day after the quarter end.

James Brooke Turner, Nuffield Foundation 

Benchmarks tend to give problems, not answers, and none of the three main benchmark types, below, are ideal, with the selected benchmark tending to push managers in one direction

1. Bespoke

2. Peer or ‘embarrassment’ index

3. Relative

Some of the basic questions to be asked:

1. Are we maintaining the endowment?

2. Are we doing enough?

3. Are we taking enough risk?

4. Would the portfolio beat a tracker?

Two risks really matter:

CASH = LIQUIDITY

NERVE  = GOVERNANCE

The right benchmarks support good governance.

1ST FEBRUARY 2017

CHARITY AUTHORISED INVESTMENT FUNDS

We brought together a panel of experts to introduce the new charity investment structure following its launch at the end of 2016, all of whom were involved in its creation.    

 

John Maton – Head of Charitable Status (Legal), Charity Commission

Mark Glibbery – Investment Funds Policy, Financial Conduct Authority

Grania Baird – Partner, Farrer & Co

Peter Capper – Fund & Investment Risk Specialist, The Investment Association

Kate Rogers – Chair, Charity Investors Group

We are incredibly grateful to Smith & Williamson for hosting this event.  Slides can be accessed here

8TH SEPTEMBER 2016

BEHAVIOURAL FINANCE

We were delighted to discuss Behavioural Finance at our September 2016 meeting.  We heard about the theory from Alex Edmans, Professor of Finance at London Business School, followed by some observations on the practice from Andrew Wimble, Trustee of The D’Oyly Carte Charitable Trust.

The full presentation, including our AGM slides can be downloaded here

For more from Alex see his website www.alexedmans.com and Twittter handle @aedmans  

10TH MAY 2016

REFLECTIONS ON THE EU REFERENDUM

We were delighted to welcome Stephanie Flanders the Chief UK and European Market Strategist for J.P. Morgan Asset Management. She delivers insight into the economy and financial markets to thousands of professional investors globally. Stephanie was previously the Economics Editor at the BBC, where her analysis and on-air commentary were widely respected and broadcast around the world.

Kindly hosted by J.P. Morgan Asset Management

Read our write up of the event here

 

20TH APRIL 2016

ILLIQUIDS - INVESTING FOR LONG TERM FINANCIAL OR SOCIAL RETURN

 

Private Equity Investment for Charities

Bruce Gordon - Chairman of Cornerstone Private Equity and Honorary Treasurer for the Guide Dogs for the Blind Association;

Social Investment

Mark O’Kelly - Head of Finance, Barrow Cadbury Trust

Kindly hosted by Smith and Williamson

1ST OCTOBER 2015

FOSSIL FUEL DIVESTMENT

How are energy companies likely to respond and what are the issues to consider for charity investors?

Ian Dunlop - ex Chair of the Australian Coal Association and previously a coal industry expert for Shell in Australia; see presentation

Edward Mason - Head of Responsible Investment, Church Commissioners; see presentation

 

Kindly hosted by Sarasin & Partners LLP

8TH JUNE 2015

PROSPECTS FOR THE FUTURE

Economic, Political and Market Outlook - Steven Norris, Political and Property Commentator

Outlook for the Charity Sector - Sir Stuart Etherington, Chief Executive, NCVO

Kindly hosted by Artemis Investment Management

24TH FEBRUARY 2015

ALTERNATIVE INVESTMENTS FOR CHARITIES

Peter Pereira Gray - The Wellcome Trust

Simon Hallett - Cambridge Associates

Kindly hosted by Brewin Dolphin

ETHICAL INVESTMENT - PRINCIPLES, PRACTICALITIES AND PITFALLS

Ian Theodoresen - Church of England

Colin Simon - Church of England

Kindly hosted by Lane, Clark & Peacock

SOCIAL INVESTMENT - MAINSTREAM OR MINORITY?

Danyal Sattar - Big Society Capital

Hannah Kubie - Stone King LLP

Kindly hosted by Cazenove Charities

OUTLOOK FOR 2014

Mohammed Choukeir - Kleinwort Benson

Jane Tully - CFG

Kindly hosted by Smith & Williamson

Please reload

© 2016 by Charity Investors' Group.  Created with Wix.com. View our privacy policy.