The Trust relies on investment returns to provide the administration and grants budgets each year, making investment performance critically important.
The Trust’s Investment Committee continuously reviews and adopts global best practices in the oversight of the Trust’s portfolio.
Helping make those decisions is Cambridge Associates, an international investment advisor to foundations and endowments including the Bill and Melinda Gates Foundation, the W.K. Kellogs Foundation and the universities of Harvard, Princeton and Stanford.
With headquarters in Boston and offices around the world, Cambridge Associates became the Trust’s investment advisor in January 2010 and is providing the best strategies to maximise income, protect and future-proof assets and ensure a stable level of spending.
The Trust’s asset allocation policy is categorised under four broad asset groups, or asset buckets, according to the primary roles that each asset class plays in the portfolio: