 | Board of Visitors minutes October 15, 1999 |  |
University of Virginia Investment Management Company, September 29, 1999
The following resolution was adopted:
RESOLVED by the Board of the University of Virginia Investment Management Company that the President of UVIMCO is authorized to enter into a Securities Lending Agreement with Cantor Fitzgerald or Goldman Sachs for the purpose of lending securities from the University's endowment operating funds.
RESOLVED by the Board of the University of Virginia Investment Management Company that the President of UVIMCO is authorized to transfer the Holland Scholarship funds to the Raptor Global Fund, Ltd.
RESOLVED by the Board of the University of Virginia Investment Management Company that the President of UVIMCO is authorized to commit an additional $10 million to Lone Pine Capital, LLC.
The following resolution was adopted:
RESOLVED by the Board of the University of Virginia Investment Management Company that the guidelines for the Pooled Endowment Fund be amended as follows:
1. The target allocation for domestic equity shall be decreased from 30% to 20%
2. The target allocation for absolute return strategies shall be increased from 10% to 15%
3. The target allocation for private equity shall be increased from 10% to 15%
4. Up to 20% of the bond fund may be allocated to mortgage-backed bonds issued by Federal agencies
5. Up to 20% of the private equity fund may be allocated to European funds
RESOLVED by the Board of the University of Virginia Investment Management Company that the President of UVIMCO with the concurrence of the international and marketable alternative subcommittees is authorized to make an investment in an Asian hedge fund.
RESOLVED by the Board of the University of Virginia Investment Management Company that the President of UVIMCO is authorized to sell the investment in Security Capital.
| Board of Visitors minutes October 15, 1999 | |