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Alternative Market Briefing

NEPC: Investment committee diversity and size top issues for endowments and foundations

Tuesday, May 12, 2015

Bailey McCann, Opalesque New York:

The diversity and size of fund investment committees rank as two top factors for endowments and foundations when they consider new allocations according to the latest survey from NEPC. The Q1 NEPC Endowment and Foundation Poll is a measure of endowment and foundation confidence and sentiment related to the economy, investing and key market trends.

"Sound governance is the cornerstone of successful investing," said Cathy Konicki, Partner and head of NEPC’s Endowment and Foundation Practice. "It’s encouraging to see that most organizations are utilizing their investment committees for the big picture decisions – asset allocation and portfolio structuring – where they are best positioned to add value."

On the topic of diversity, 92% think a diversified committee drives a successful investment program, with those responses split near evenly between, "diversity promotes open discussion and differing points of view," and, "successful investment programs depend on the actual diversity of the committee."

Still, there is a significant gap between what investors like to see and what exists. While committees are becoming more balanced overall, with more female, minority and age diversity, only 22% of respondents stated that their Committees include "all of the above."

In terms of committee size, most felt their committee should be smaller than it currentl......................

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