Examining the Use of Investment Policy Statements

Posted: 20 Feb 2010 Last revised: 30 Jun 2018

See all articles by Steve P. Fraser

Steve P. Fraser

Florida Gulf Coast University

William W. Jennings

U.S. Air Force Academy - Department of Management

Date Written: February 17, 2010

Abstract

Using a sample of Investment Policy Statements [IPSs] from college and university endowments, we examine the form and use of these important documents. Direct examination of the IPS reveals subtleties that surveys may obscure. In addition to providing statistical insights into endowment management, we extract what we view as best practices from the Investment Policy Statements themselves. Our study provides valuable insights for both individual and institutional investors and their advisors.

Suggested Citation

Fraser, Steve P. and Jennings, William W., Examining the Use of Investment Policy Statements (February 17, 2010). Available at SSRN: https://ssrn.com/abstract=1554950 or http://dx.doi.org/10.2139/ssrn.1554950

Steve P. Fraser

Florida Gulf Coast University ( email )

10485 FGCU Blvd S
Ft. Myers, FL 33965-6565
United States

William W. Jennings (Contact Author)

U.S. Air Force Academy - Department of Management ( email )

2354 Fairchild Drive
Suite 6H-94
Academy, CO 80840-2944
United States

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