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How to help your investment manager best achieve your investment objectives

How should trustees be engaging with their investment manager to maximise financial returns from their charity’s investments within acceptable risk parameters and in harmony with their charity’s aims?

A number of factors have been identified by industry practitioners and within academic literature as to what is considered best practice when devising, reviewing and implementing an investment policy statement and the level and quality of interaction required between the trustee board and their investment manager.

These factors include, but are not limited to, trust and open communication; the significance of the investment portfolio to the charity’s overall finances, the size of the charity, relevant investment experience and skills either on the board and/or via the employment of external consultants and realistic and reasonable expectations of what is achievable.