 |
|
 |
 |
 |
|
|
|
|
VCCF Investment Policies (click here)
As good stewards of the community's endowments, VCCF provides active monitoring and oversight of donor's funds. The Board of Directors has appointed an Investment Committee of community leaders with experience and knowledge in the investment world.
To further ensure professional competence in the administration of the funds and to provide constant supervision and prompt action as appropriate, an independent Investment Consultant has been engaged. VCCF's Consultant assists the Committee in the selection of independent Investment Managers and in the establishment of prudent investment objectives and asset allocation guidelines. The Consultant also provides objective performance measurement and evaluation reporting for each Investment Manager as well as for the total fund on a quarterly basis.
VCCF's endowment portfolio is allocated to 62.5% equities, 27.5% fixed income and 10% alternative investments. Our investment managers are diversified and currently include: Sanford Bernstein & Co. (Large Cap Value Equity); Roxbury Capital Management (Mid Cap Growth Equity); Westcliff Capital Management (Small Cap Growth Equity); Eubel Brady & Suttman (Small/Mid Cap Value Equity); EuroPacific Growth Fund (International Equity); Intech (Large Cap Growth Equity); Lateef Management (Large Cap Growth Equity); L-R Global (International Equity); PIMCO Total Return Fund (Bond); Aetos Alternatives Management (Alternative); Archstone Partnerships (Alternative); Montauk Triguard Management (Alternative); Sigular Guff BRIC (Alternative).
VCCF Investment Performance and Commentary
for November 2007
(click here)
VCCF endowment funds are governed by the VCCF Investment policy, reviewed annually by the Investment Committee and approved by the VCCF Board of Directors. Current policy is to adjust (given performance and influx of new funds) asset allocation of the overall portfolio to phase 2 targets by 12/08, subject to discretion of the Investment committee.
Download the November 13, 2007 Presentation to the Fund Holders
Investment Committee
Open Meeting .pdf
Adobe PDF
file size 138 KB
last page update 03.17.08
VCCF has been certified in compliance with national standards of excellence for community foundations
by the Council on Foundations.
Member, League of California Community Foundations.
