The main document guiding the management of an association’s reserves or investment pool is the investment policy statement (IPS). The IPS should be specific to provide the best thinking of the association’s board about the investments, but flexible to guide the board through markets that may differ from when the IPS was established. At its core, the IPS serves as a road map to the association’s reserves or investment pool, and provides clarity on items such as investment objectives, liquidity needs, risk tolerance, roles and responsibilities, asset allocation guidelines, benchmarking and performance reporting.
Join our ASAE Investment Center Partners as they discuss the best practices for an association’s IPS. This panel will discuss the key elements for a well-crafted IPS that include sections on:
- Performance measurement
After this session, you will:
- Know the elements of a thoughtful IPS for your association’s reserves or investment pool
- Know the specific roles and responsibilities of all interested parties (Board, Investment Committee, Staff, Investment Advisor)
- Know the specific asset allocation guidelines used to provide sufficient diversity
- Know what measurements to use to evaluate the performance of the reserves or investment pool