Hi Garfield,
Looking over https://upload.wikimedia.org/wikipedia/foundation/2/2e/Jul-Dec%2713_Mid-year... and https://upload.wikimedia.org/wikipedia/foundation/b/b6/Mid_Year_Financials_F... it seems that the Foundation has been earning 0.9% on its liquid asset holdings. Is that correct?
While I applaud the near doubling since last year, have there been any objections to the Foundation investing a portion of its cash in international multisector high-yield bond mutual funds?
Thank you!
Hello James, a long-term investment fund is in the works. https://wikimediafoundation.org/wiki/Audit_Committee/2013-09-19#Discussion_R...
At our last meeting the audit committee reviewed and supported an investment policy that includes one. Those minutes should be publishing within another week.
Sam.
On Mon, Mar 24, 2014 at 8:21 PM, James Salsman jsalsman@gmail.com wrote:
Hi Garfield,
Looking over https://upload.wikimedia.org/wikipedia/foundation/2/2e/Jul-Dec%2713_Mid-year... and https://upload.wikimedia.org/wikipedia/foundation/b/b6/Mid_Year_Financials_F... it seems that the Foundation has been earning 0.9% on its liquid asset holdings. Is that correct?
While I applaud the near doubling since last year, have there been any objections to the Foundation investing a portion of its cash in international multisector high-yield bond mutual funds?
Thank you!
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