Investment committee

The Investment Committee handles the RSE’s investments and manages their relationship with approved investment managers.

Committee purpose

  • Authorise and agree with the approved investment managers:

    Authorise and agree with the approved investment managers:

    • the terms on which they serve as the RSE’s investment managers;
    • the general composition (by categories) of the target portfolio which the investment managers would operate with any necessary indications of permissible ‘bands’ around the agreed proportions;
    • the degree of discretion to be enjoyed by the investment managers (including any investment areas barred by the Society, as for example the tobacco industry); and reporting, monitoring and reviewing meeting arrangements.

  • Consider the investment managers’ quarterly reports and meet them at six-month intervals, at which performance is to be reviewed and any proposed adjustments to the target portfolio considered and settled.

  • Review, at appropriate intervals (of not longer than six years) in depth the performance of the investment managers against relevant market and peer group benchmarks; to consider whether to arrange a further ‘beauty parade’ of possible advisors; and to recommend to Council for approval the renewal or alteration of the investment manager appointment.

Operational process

The committee meets six-monthly with the Investment managers, usually in June and October, and as required in the intervening period to discharge duties as above.

Committee purpose