The Investments Office

Policy and Statements
Furman and Sustainability
Furman Endowment Structure
Endowment Pool Performance
Investment Managers
Assets
Asset Allocation

The Investments office manages the University’s endowment pool and debt program.

*Please check back often because the data on this page is subject to change and will be updated periodically.

Kris Kapoor, CFA Director of Investments Telephone: 864-294-2560 Fax: 864-294-3479 kris.kapoor@furman.edu Mailing address: 3300 Poinsett Highway Greenville, SC 29613

Office Location:
Montague Village Suite 400
2600 Duncan Chapel Rd.
Turn into Montague Village at the intersection of Montague Road & Duncan Chapel Road. After turning into
Montague Village, take an immediate right. Go all the way down to the turnaround circle, where you will see the Business Affairs entrance.

Policy and Statements
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Furman Investment Policy

Furman Audited Financial Statements -- 2005-2006, 2006-2007, & 2007-2008

Furman and Sustainability
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Furman University has, as one of its strategic goals, a long standing commitment to sustainability. To learn more about this commitment, please visit:  http://www.furman.edu/sustain/

Within the Core Beliefs section of the Investment Policy, Furman’s commitment to sustainability is referenced. Listed below are several examples, within the Endowment, that support the University’s initiatives:

• Furman has exposure to “green/clean tech” companies within our portfolio via multiple Commonfund Capital Venture Capital funds
• Furman has a position in Wellington’s Global Climate Change portfolio, as part of its Diversified Inflation Hedge program
• Furman currently is unable to vote proxies for the majority of the endowment assets because of the use of commingled vehicles. Careful attention is placed on the small percentage of the endowment whereby proxies can be voted. For example, Neuberger Berman’s SRI (Socially Reponsive Investment)/Guardian group votes proxies on Furman’s behalf in conjunction with Neuberger Berman’s extensive Socially Responsive proxy voting policies.
• Furman intends to fund, during the summer of 2009, a new global equity mandate that incorporates sustainability research within its investment management process
• Furman’s investment office continues to move towards a paperless electronic file and document sharing environment

Furman Endowment Structure
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The roles of the Investment Committee, Director of Investments, and Consultant are described in the University’s Investment Policy. The Investment Committee meetings also include a faculty and student representative for discussion and to help keep campus constituencies informed.
Under the Business Affairs division, the VP (CFO), Controller, Assistant Controller, Special Funds Accountant, and Budget Director all work closely with the Director of Investments on a day-to-day basis. Proper controls and oversight procedures are in place to ensure the University’s endowment assets are safeguarded.

The Advisor Network, as illustrated above, is referred to as Furman’s Endowment Consulting Group. This body acts as an additional resource for the management of the Furman University Endowment. It currently has eight members, all institutional investment experts with strong ties to Furman.

Endowment Pool Performance
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*Returns for periods longer than one year are annualized.

Investment Managers
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Assets
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Asset Allocation
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