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AUTHORIZATION FOR RESTRUCTURING OF THE PORTFOLIO OF THE CONSOLIDATED ENDOWMENT
 
 
 
 
 
 
 
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AUTHORIZATION FOR RESTRUCTURING OF THE PORTFOLIO OF THE
CONSOLIDATED ENDOWMENT

  • The following resolution was adopted:
  • RESOLVED that the portfolio of the Consolidated Endowment shall be restructured by increasing the limit in the investment in Venture Capital from 2% to 4$ and by taking $10 million from the International Equity Fund and $4 million from the Intermediate Cash Fund and allocate $4 million to The Common Fund's Global Bond Fund and $10 million to Grantham, Mayo, Van Otterloo.