Finance: Course will focus on investments

A new course at the London Business School will examine the investment strategies of foundations and charities.

The school says the course is the first substantial educational initiative in Europe to look at investment by not-for-profit organisations.

The programme is open to senior professionals from charities, endowments, colleges, universities and the public sector. It will cover areas such as portfolio construction, investment styles, performance measurement, mission-related investment and market expectations.

Elroy Dimson, BGI professor of investment management at the London Business School, said: "There is a clear disparity in Europe between the way foundations are managed and the objectives set in terms of investment strategy and discussion priorities."

Not-for-profits in the UK prefer domestic assets and equities, whereas European foundations favour more geographical and asset diversification.

"As the not-for-profit sector grows in Europe, there is an increasing need for a well-informed, coherent and strategic approach to managing investment assets," said Dimson. "This programme is part of a wider effort to improve the investment, governance and spending decisions made by charities, foundations, endowments and their advisers."

The course has subsidised places for charity and not-for-profit participants as a result of financial support from Schroders, the Atlantic Philanthropies and the Nuffield Foundation. Consultants Watson Wyatt have provided research support. The course runs from 11 to 16 June.

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