Building a portfolio to meet long-term goals and short-term liquidity needs can often result in a suboptimal portfolio that accomplishes neither objective. Having more than one pool of assets allows for greater flexibility in portfolio construction, which may result in better liquidity management and long-term performance. Good governance also plays an important role in ensuring that all stakeholders—board members, committee members, and staff—share similar goals.
This session will help you answer the following questions:
- Do rising rates allow for enhanced approaches to managing liquidity?
- Are investment portfolios appropriately structured to meet different organizational objectives?
- Are organizational goals aligned across different committees and stakeholders?
Steve Skaggs, investment committee chair, Idaho State University Foundation Board of Directors
Mary Jane (M.J.) Bobyock, managing director, nonprofit advice, SEI Investments