University Investment Portfolio Statistics
To whom it may concern,
This is a request for information through the Freedom of Information Act.
1. What was the total market value of the university’s investment portfolio(s) on the 31st July 2021? If you are going to provide this information through your Annual Accounts/Financial Statements, please provide the specific page number, section and row that the value can be found on. For example, page 28, section 5 “Investments”, line “overall investment value”.
2. On the 31st July 2021, were the institution's investment portfolio(s) managed directly by the institution, indirectly by [an] external fund manager(s), or a combination of both?
3. If the university uses external fund manager(s) to manage investment portfolios, please provide the name of each fund manager used, along with the percentage of the total investment funds that they were managing on the 31st July 2021.
Please present this information in this format:
Fund manager name -- Percentage of total investment funds managed
Schroders -- 47%
CCLA -- 49%
University -- 4%
4. If the institution invests directly, please provide the details of companies invested in (by way of all investment portfolios), including the full names of each company invested in, and the market value invested in each company on the 31st July 2021. Please provide this information in a spreadsheet format.
5. If the university holds investments through [an] external fund manager(s), please provide the investment portfolio for that manager on the 31st July 2021, including the market value for each company that forms part of your investment portfolio(s) with them. Please provide this information at a company level in a spreadsheet and/or the format that this information is provided to you by your fund manager(s). For example, see here: https://www.whatdotheyknow.com/request/1...
6. Does the institution have an ethical investment policy, or similar? If so, please state if it is publicly-available, and provide a web link.
If applicable, in response to any of the above information requested, please confirm that the University does not hold this information.
Please confirm receipt of this request and we look forward to hearing back from you within the next 20 working days.
Yours sincerely,
Laura Clayson
Dear Ms. Clayson,
Thank-you for your request, received by the Royal Conservatoire of
Scotland. I'm afraid at this point in the year, we do not currently hold
the information you have request, as we won't receive our investment
reports until mid-September, and our annual accounts are not finalised or
published as yet.
We received this same request from "People & Planet" in October 2020, and
I'd refer you to that response for the latest information we do hold. Once
finalised, we will publish the 2020-21 annual accounts at:
[1]https://www.rcs.ac.uk/why-rcs/vision-and...
I do hope this information is useful, and we would be happy to provide any
further information you may request later in the year when our investment
reports are received.
Please do let me know if we can offer any further assistance in the
interim.
Yours sincerely,
Caroline Cochrane
Head of Information Services
[email address]
[2][IMG]
Please continue to keep our community safe and be Covid considerate. You
can [3]read more about how we’re supporting our students and staff at this
time.
There’s never been a more challenging time for the performing arts. You
can support the artists of the future by donating to the [4]RCS
Scholarship Fund.
If you are not satisfied with the way in which your request has been dealt
with, you are entitled, in the first instance, to request a review of the
decision made by Royal Conservatoire of Scotland. Should you wish to
request such a review, please write to me within 40 working days of
receiving this response. If, after having been informed of the review
panel’s decision, you are still not satisfied, you are then entitled to
appeal to the Scottish Information Commissioner. Contact details are:
Office of the Scottish Information Commissioner, Kinburn Castle,
Doubledykes Road, St Andrews, Fife, KY16 9DS, telephone 01334 464 610.
Direct appeals can be made on the Commissioner online appeals service at:
[5]www.itspublicknowledge.info/Appeal
Dear Caroline,
Thank you for the Royal Conservatoire of Scotland's response so far.
Could you please confirm the date that this information will be available online, as well as confirmation of where a company-level breakdown, with market values, will be published too? For guidance on what we are seeking, please see the below portfolio, which outlines the market value held in each company in each portfolio held by the university. E.g. BHP Billition PLC, £6,370 on page 6.
https://www.whatdotheyknow.com/request/1...
Thanks so much for all your support in this request so far,
Laura
Dear Ms. Clayson,
Thank-you for your request, received by the Royal Conservatoire of Scotland. Regarding the further information you requested:
- Statutory Accounts: these will be published after our AGM which is scheduled for the 8th December 2021. Our accounts are published on the RCS Accounts Webpage which has signed accounts going back several years: https://www.rcs.ac.uk/why-rcs/vision-and... .
- Investments: note 12 within the RCS signed public accounts is an investment statement. This shows market value and cost for each of our 3 portfolios. We don't ever publish our individual shareholdings. In our 2019-20 signed accounts this is page 39: https://www.rcs.ac.uk/wp-content/uploads...
Regarding the company-level breakdown you requested, the example link you provided goes to a page entitled ' How much money does your quango use every day?', however hopefully the above information regarding investments will be useful to you.
We would be happy to provide any further information you may request later in the year when our investment reports are received. Please do let me know if we can offer any further assistance in the interim.
Regards
Michelle Crowther
Information Compliance Administrator
If you are not satisfied with the way in which your request has been dealt with, you are entitled, in the first instance, to request a review of the decision made by Royal Conservatoire of Scotland. Should you wish to request such a review, please write to me within 40 working days of receiving this response. If, after having been informed of the review panel's decision, you are still not satisfied, you are then entitled to appeal to the Scottish Information Commissioner. Contact details are: Office of the Scottish Information Commissioner, Kinburn Castle, Doubledykes Road, St Andrews, Fife, KY16 9DS, telephone 01334 464 610. Direct appeals can be made on the Commissioner online appeals service at: https://eur01.safelinks.protection.outlo...
Dear Michelle,
Thank you for your response.
My apologies for the link, I have no idea how that became the page it linked to. This is what the original link was to: https://www.whatdotheyknow.com/request/1...
To clarify, does RCS not hold the information on the individual companies within the portfolios or is that the university will not disclose the information to us for analysis?
Best Wishes,
Laura
Dear Ms. Clayson,
Thank-you for your follow-up request and for the correction of the link.
We now enclose the detail of the investment information you requested.
I do hope this satisfies your request in full, but please do let me know
if we can offer any further assistance.
Yours sincerely,
Caroline Cochrane
Head of Information Services
[email address]
[1][IMG]
Please continue to keep our community safe and be Covid considerate. You
can [2]read more about how we’re supporting our students and staff at this
time.
There’s never been a more challenging time for the performing arts. You
can support the artists of the future by donating to the [3]RCS
Scholarship Fund.
If you are not satisfied with the way in which your request has been dealt
with, you are entitled, in the first instance, to request a review of the
decision made by Royal Conservatoire of Scotland. Should you wish to
request such a review, please write to me within 40 working days of
receiving this response. If, after having been informed of the review
panel’s decision, you are still not satisfied, you are then entitled to
appeal to the Scottish Information Commissioner. Contact details are:
Office of the Scottish Information Commissioner, Kinburn Castle,
Doubledykes Road, St Andrews, Fife, KY16 9DS, telephone 01334 464 610.
Direct appeals can be made on the Commissioner online appeals service at:
[4]www.itspublicknowledge.info/Appeal
We work to defend the right to FOI for everyone
Help us protect your right to hold public authorities to account. Donate and support our work.
Donate Now