VIEWPOINT A More Effective Investment Committee There's a better way to
meet challenges facing these teams. By Louis R. Morrell I achieve them.
Another important docu- N V E S T M E N T COMMITTEES ment: the operating
policy, which serves of higher education institutions face as an
operational blueprint for action, or a daunting task of meeting their
fidu- who does what. ciary responsibilities. In other words, they The
investment policy's main focus bear the brunt of ensuring that the invest-
is on the asset mix of the endowment. It ment portfolio is properly
managed. The should address the following: committee has the legal
responsibility for
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Table of Contents for the Digital Edition of University Business - April 2006