The University of King’s College is recruiting to fill vacant positions on its Investment Committee, which oversees the management of the university’s $40 million endowment fund, comprised of both public securities and private assets.
University of King’s College Established in 1789, the University of King’s College is Canada’s oldest chartered university and is associated with Dalhousie University. A small and extraordinarily lively academic community located in Halifax (Kjipuktuk), Nova Scotia, King’s is known nationally and internationally for its highly acclaimed interdisciplinary programs in the humanities, including its renowned Foundation Year Program, and its professional programs in the School of Journalism, Writing & Publishing. King’s is a community where students, faculty, alumni, and staff work to bring greater understanding, creativity, and compassion to the world.
Investment Committee
The Investment Committee supports the university’s Board of Governors in relation to the oversight of the university’s endowment funds. Among other responsibilities, the Investment Committee’s is tasked with:
• Recommending to the Board the approval of all investment policies, including the Statement of Responsible Investment Policies and Goals for the university endowment.
• Monitoring compliance and investment performance of the university’s endowment funds through quarterly reports from and periodic meetings with the custodian and investment managers.
• Determining how the endowment funds should be managed.
• Recommending to senior administration the terms of reference for any external investment management services.
• Developing the criteria against which the performance of external investment managers is evaluated and conducting a formal evaluation of all investment managers annually
• Reviewing with the senior administration any public policy or legislative changes that may have an impact on investment performance of the endowment fund.
• Performing such other duties as may be assigned by the Board.
• The Committee typically meets at regularly scheduled quarterly meetings to review investment performance. The Committee also holds additional meetings throughout the hear on an ad hoc basis to discuss matters of importance as they may arise.
The Committee has from six to ten volunteer members, including the Committee Chair. The Committee Chair, after consultation with the Bursar and the President, has the authority to appoint members that meet the criteria outlined below. Committee members are appointed for a term of three years, normally extendible for a maximum of an additional two terms.
Full Terms of Reference for the Investment Committee are available here: https://ukings.ca/wpcontent/uploads/2021/10/202110BoGGovernanceDocs.pdf
Qualifications of Candidates
The Investment Committee is seeking candidates with a strong understanding of the investment industry and investment management processes. Ideally, Investment Committee members will have a professional financial background and/or have experience in the investment management industry, public securities and/or private assets, so that they can provide an informed perspective on investment policy and investment performance matters. Previous affiliation with the university is a welcome attribute but is not an essential requirement for the successful candidate. Since committee meetings are held online or in a hybrid in-person/online fashion, the successful candidates need not be located in Halifax or Nova Scotia.
Equity, Diversity, Accessibility, & Inclusion
The University of King’s College is committed to diversity, equity, accessibility, and inclusion. We encourage and welcome applications from Indigenous persons (especially Mi’kmaq), persons with a disability, racialized persons, including persons of Black/African descent (especially African Nova Scotians), women, persons of a minority sexual orientation and/or gender identity, and all candidates who would contribute to the diversification of our community.
Application Process & Timing
Interested candidates are requested to submit a letter of interest along with a resume outlining their qualifications via email, not later than January 30, 2023. Submissions will be reviewed by Committee members and select candidates will then be invited to interviews in February. It is anticipated that appointments will be formalized at the Committee’s regular scheduled meeting for March 2023.
Interested candidates should contact:
Tom Eisenhauer
Investment Committee Chair
University of King’s College
tom.eisenhauer@gmail.com