STATEMENT OF INVESTMENT POLICY : Amend the Statement of Investment Policy
https://archives.anglican.ca/link/official10527
- Date
- 2015 November 13-15
- Type
- Resolution 14-15-11 [sic i.e. 14-11-15]
- Seconder
- Mr. James Sweeny
- Prologue
- The Primate introduced Mr. Rob Saffrey and Mr. Dave MacNicol from the investments sub-committee of the Financial Management Committee.
- Mr. MacNicol provided background and rational for two resolutions which would bring the church’s investments more in line with the changing market:
- Text of motion
- Be it resolved that:
- 1) The Council of General Synod amend the Statement of Investment Policy as follows:
- - For Bonds, reduce the strategic target to 30% (from 35%) and revise the range to 30% - 75% (currently 30% - 80%);
- - For Market Neutral Strategies, increase the strategic target to 10% (from 5%) and the maximum of the range to 10% (from 5%);
- - Replace all instances of “Market Neutral Hedge Fund” and “Market Neutral Strategies”.
- CARRIED #14-15-11 [sic i.e. 14-11-15]
- Subjects
- Anglican Church of Canada - Finance
- Anglican Church of Canada. Financial Management Committee. Investments Sub-Committee
- Investments - Religious aspects - Anglican Church of Canada
- MacNicol, David