University Resources, Operations and Policies

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    Statement of Investment Policies and Objectives


    Policy Statement

    Adelphi intends to typically use pooled or mutual funds as the investment managers in the University’s Endowment Fund. The prospectus or investment management agreement of each fund considered or currently in place as an investment manager will be reviewed periodically to ensure that the stated investment philosophy of the manager is appropriate versus this investment policy. If the investment manager exhibits an investment philosophy or objective inconsistent with those previously approved by the Finance and Investment Committee, such will be taken into consideration by the Committee in its performance monitoring evaluation.

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    Reason for Policy

    The Statement of Investment Policies and Objectives is the result of discussions between the Finance and Investment Committee (“the Committee”) of Adelphi University (“the University”) and Aon Hewitt Investment Consulting, Inc. (“AHIC”). The purpose of this statement is to assist the University and the investment managers in effectively supervising and managing the assets of the Adelphi University Endowment/Quasi-Endowment Fund (“the Endowment”), and Operating Cash pool (“Operating Cash”).


    Who Is Governed by this Policy

    Staff


    Policy Owner

    Robert DeCarlo, Chief Financial Officer & Associate Vice President                                          

    Contacts

    Robert Decarlo
    516.877.3184
    decarlo@adelphi.edu         

    Paul Nelson
    516.877.3191
    nelson2@adelphi.edu


    Document History                                                      

    • Last Reviewed Date: October 16, 2017
    • Last Revised Date: October 16, 2017
    • Policy Origination Date: Not known            

    Who Approved This Policy                                                  

    Robert DeCarlo, Chief Financial Officer & Associate Vice President

    Michael J. McLeod, Assistant Vice President & Budget Director

     
     
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