The Investment Office manages the CUNY Investment Pool. The Pool is a professionally-managed diversified portfolio designed to serve the financial needs of the University and participating colleges wishing to invest both endowed and non-endowed assets. Its objective is to provide relatively predictable and stable annual spending, while preserving and enhancing the purchasing power of the investments for the benefit of future generations of students. To achieve these objectives, the Pool operates under a Board of Trustees approved Investment Policy, including an asset allocation strategy and spending policy, which reflects the proper balance of CUNY’s investment objectives, risk tolerance and need for liquidity.
The Investment Pool is governed by the CUNY Board of Trustees and two Board Committees (Fiscal Affairs and its Subcommittee on Investments), which is comprised of a group of professionals with a broad range of experience and perspectives. Together they are responsible for reviewing asset allocation, new asset classes, investment strategies and manager performance.
Investment staff is experienced in the supervision and administration of large investment funds, and they are assisted by external investment consultants. The staff and consultants supervise all aspects of the investment process. As such, they spearhead studies and reviews related to the portfolio’s goals, objectives, asset allocation, investment structure, as well as existing and prospective managers. Once approved, the staff is responsible for implementation of decisions, which involves the review and negotiation of manager guidelines and fees, execution of related legal documents and coordination of manager transitions. Further it is responsible for the on-going administration and accounting for the Pool and participating colleges.