Portfolio Theory and Management III The Sustainable Earth Foundation Fund - Accounting and Finance Assignment Help

Assignment Task :

Task:

The Sustainable Earth Foundation fund started by philanthropists Jacob E. Newman and Meling Hoi in 2000 with a seed capital of US$ 25m. The SEF’s mission is to provide funding for approved projects in developing economies and targets spending 3.5% per annum (of the fund’s real value) on a rolling 12 quarters. The foundation’s investment objective is to try to grow the fund in real terms, but not at the cost of the fund’s real value eroding over a rolling 12-quarter basis. Current SEF fund’s investment team had established an asset allocation of 35:55 [defense: growth] and had invested in only traditional asset classes from developed economies. The current SAA are as follows:

Asset/Sub-Asset Allocation Minimum Range Maximum Range
US Govt. Bonds 25% 20% 30%
US Investment grade Corp
Bonds 10% 5% 15%
US Broad Market Equities 40% 30% 50%

Developed Market ex US Equities 25% 15% 35%

The SEF fund’s BoD is open to investing in bonds from developed and emerging market (excluding agency/securitised bonds) and listed equities both markets. The BoD has further stated that the SEF fund will not invest in any alternative investments, nor will the portfolio manager use derivatives, short positions, or leverage. Cash will not be held by the fund unless it is a residual amount (from sale of assets or remaining yields from equities or bonds). The SEF Board of Directors have invited proposals for the future direction SEF fund’s investment needs from reputable investment companies. Invited investment proposal should be submitted by the 26 th of May 2021.

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