Icelandic Investments

The request was successful.

Could you please release the amount of money the college currently has invested in Icelandic banks.

I would also like to know the dates and amounts of any deposits made to Icelandic banks in 2007 and 2008. For fixed term investments could you please note the period for which the funds are to be held.

To put these figures in perspective I would also like to request:
i/ The total cash investments held by the college in October 2008.

ii/ The total value of other (land and property) investments held by the College in October 2008.

If October 2008 figures are not held I would like to request the most recent figures available.

If a summary document explaining the current state of the college's investments has been produced following the turmoil in the Icelandic banking sector I would like to request a copy of that document. I expect such a document may have been produced to inform college fellows and staff of the financial position of the college, and may have taken the form of a paper presented to a finance committee or governing body meeting, or a briefing for the Bursar or Master (or their equivalents).

I would also like to request copies of any correspondence from 2008 on the subject of investments in Iceland between the college and:
i/ The University of Cambridge.

ii/ The UK Government.

iii/ The Icelandic Government.

iv/ Any other Cambridge Colleges.

Any other information you wish to disclose in order to present the college's position with respect to Icelandic investments fully and accurately would be gratefully received.

Richard Grigson, Peterhouse, Cambridge

Peterhouse has no money invested in Icelandic banks.

We have never held deposits with any Icelandic banks.

No such summary document, paper or briefing exists.

No such correspondence has taken place (as we have had nothing to discuss).

Richard Grigson
Senior Bursar

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