Training Course

Charities and their investments

Introduction

This half day seminar will address the key issues with respect to charity investment. We will cover the role of trustees and consider a number of issues concerning the investment of charitable funds, including delegation to investment managers, balancing the short and long term investment objectives, tax issues, responsible investment policies and the use of collectives.

Who should attend?

This course is relevant to all investment professionals who are providing services to charities, including

• Investment managers
• Trustees
• Accountants

Timetable

 

09.30 – 09.45	Coffee and registration
09.45 – 09.50	Chairman's introduction
9.50 – 10.40	Regulatory issues with regard to the investment of charitable funds
	Speaker tbc
10.40 – 11.30	Duties of a trustee regarding a charity’s investments
	Investment policy statements – best practice Taking investment advice and delegating to an investment manager Monitoring investments
	Bill Pagan, Pagan Osborne
11.30 – 11.45	Coffee
11.45 – 12.35	Appropriate investment strategies
	What are charities trying to achieve from their investments Managing risk and diversification Taking advantage of the Trustee Act Use of alternative investments UK vs overseas equities Derivatives Balancing income and capital growth What might a modern endowments portfolio look like? Ethical investment Implementation : how to achieve a well diversified portfolio without blowing up your administrator
	Oliver Bates, Sarasin & Partners
The last year has witnessed extraordinary volatility in world financial markets, a collapse in liquidity in much of the corporate bond market and government sponsored bail outs of several ‘household names’ across world financial institutions. This has inevitably impacted investors in almost every asset class. But in every crisis there are also opportunities, in particular the extraordinary risk premiums offered to investors to participate in today's financial markets. Ollie will seek to review the past year and explain how we can make the most of investment opportunities that now present themselves
12.35 – 1.05	The liquidity crisis and market volatility
	Oliver Bates, Sarasin & Partners
1.05 – 1.35	Investment tactics in today's volatile markets
	Oliver Bates, Sarasin & Partners
1.35 – 2.00	Chairman's closing remarks followed by lunch

Presenters

Oliver Bates is a director of Charities and Pensions at Sarasin & Partners. He is primarily responsible for the management of charity and pension fund portfolios as a member of the core Sarasin & Partners charity teams. Oliver joined the company in September 2008, following a 20 year career at HSBC Global Asset Management (formerly James Chapel & Co), where he was previously head of Charities. In addition to taking the Stock Exchange exams to become an associate of the Securities Institute, he has attended London Business School’s Foundation and Endowment Asset Management course. Oliver is also a trustee of the Prostate Cancer Research Centre located at the Institute of Urology at University College, London.

Bill Pagan was until October senior partner of Pagan Osborne Group, Law Firm of the year in Scotland 2003. He has been a solicitor since 1970 and is a member of STEP. He is chairman of the Law Society of Scotland's Private Client Tax Law Committee, and chairs also the Accreditation Panel for that discipline. He is a member of the Inland Revenue's Operations Consultative Committee. He is a regular speaker on tax, charities, trusts and investment policy. Having joined the Territorial Army while at Cambridge, Bill served in the Royal Engineers TA for many years, and travelled widely. He is currently vice-chairman (Army) of Highland Reserve Forces & Cadets Association, and was until October Registrar of the Episcopal Diocese of St Andrews, Dunkeld & Dunblane. He continues to serve as a trustee of several estates and charities. Bill has been married to Gilli since 1974, and they have four grown-up children. Apart from family, Bill's main interests are travel, history and compulsory gardening.

4 CPD Hours (tbc)

How to book

Please use this booking form. All registrations and fees should be sent to ASIM, Riverside House, River Lawn Road, Tonbridge, Kent TN9 1EP. Telephone: 01732 783548 Fax: 01732 362626. For any queries please call the ASIM office on 01732 783548 or e-mail elisabeth@asim.org.uk

Course Reference Number: AIH/ASIM/0209

Please note our presenters are not authorised to advise on the interpretation and application of rules or the law to particular circumstances or matters. Comments made by our presenters will not constitute and must not be relied upon as advice. The course material does not necessarily stand on its own and is not intended to be relied upon for giving specific advice. Neither ASIM nor its presenters will be liable for any loss or consequential loss occasioned to any person acting, omitting to act or refraining from acting in reliance upon the course material or presentation of the course or, except to the extent that any such loss does not exceed the price of the course, arising from or connected with any error or omission in the course material or presentation of the course. Consequential loss means any loss of anticipated profits, damage to reputation or goodwill, loss of expected future business, damages, costs or expenses payable to any third party or any other indirect losses. No part of any handout material may be reproduced in any form without the prior permission of ASIM.