Shares in the arms and tobacco industry

The request was successful.

Dear Clare College, Cambridge,

I am writing to request information on the financial relationships the college holds with the arms and tobacco trade (specifically, but not limited to:

- BAE Systems
- Rolls-Royce
- Smiths Group
- Cobham
- Elbit
- Finmeccanica
- GKN
- QinetiQ
- VT Group
- Halliburton,
- United Technologies
- Airbus SE
- Lockheed Martin
- Caterpillar Inc,
- General Dynamics
- Raytheon
- Northrop Grumman
- Raytheon, Textron and Thales Group
- L3 communications

- Philip Morris
- British American Tobacco
- Altria
- Imperial Brands

Please include the following information:

1) A portfolio statement for the fund(s) the college has investments in. If you do not have a copy of this, please send me a list of the names of the fund(s) and the corresponding management companies. Details should be broken down, year-by-year for the last five financial years.

2) Please also confirm if any shares are held in arms trade companies as part of a pension fund or endowment, either directly or indirectly through an externally managed fund. Details should be broken down, year-by-year for the last five financial years.

Yours faithfully,

Sarah Woolley

Emma R. Easterbrook, Clare College, Cambridge

3 Attachments

  • Attachment

    CLARE COLLEGE CAMBRIDGE Assets.pdf

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  • Attachment

    Clare College Cambridge Trade Summary Report 31Mar2020 2637996.1.pdf

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Dear Ms Woolley,

Re: Freedom of Information request - Shares in the arms and tobacco
industry

I refer to your request below dated 17 June 2020, the contents of which
are noted.  The response on behalf of Clare regarding your request for
information made under the Freedom of Information Act 2000 is as follows:

I am writing to request information on the financial relationships the
college holds with the arms and tobacco trade (specifically, but not
limited to:

- BAE Systems

- Rolls-Royce

- Smiths Group

- Cobham

- Elbit

- Finmeccanica

- GKN

- QinetiQ

- VT Group

- Halliburton,

- United Technologies

- Airbus SE

- Lockheed Martin

- Caterpillar Inc,

- General Dynamics

- Raytheon

- Northrop Grumman

- Raytheon, Textron and Thales Group

- L3 communications

- Philip Morris

- British American Tobacco

- Altria

- Imperial Brands

Please include the following information:

1)      A portfolio statement for the fund(s) the college has investments
in. If you do not have a copy of this, please send me a list of the names
of the fund(s) and the corresponding management companies. Details should
be broken down, year-by-year for the last five financial years.

2015-16: Quoted equities (UK Tracker; Europe Tracker; Japan Tracker;
Pacific Rim Tracker; USA Tracker; and Emerging Markets Tracker); Private
Equity; Alternative Assets; Property; Managed Fund; Eskmuir; UK Corporate
Bonds; CU Endowment Fund; and Restricted Walters Fund.

2016-17: Quoted equities (UK Tracker; Europe Tracker; Japan Tracker;
Pacific Rim Tracker; USA Tracker; and Emerging Markets Tracker); Private
Equity; Alternative Assets; Property; CPF Fund; Clipstone; DPFC; UK
Corporate Bonds; CU Endowment Fund; and Restricted Walters Fund.

2017-18: Quoted equities (UK Tracker; Europe Tracker; Japan Tracker;
Pacific Rim Tracker; USA Tracker; and Emerging Markets Tracker); Cambridge
Associates; Amadeus IV Early Stage Fund; Amadeus V Early Stage Fund; AQR
Premia Style Fund; Absolute Return Assets; Absolute Return and Private
Equity; Property; CPF Fund; Clipstone; DPFC; UK Corporate Bonds; CU
Endowment Fund; and Restricted Walters Fund.

2018-19: Quoted equities (UK Tracker; Europe Tracker; Japan Tracker;
Pacific Rim Tracker; USA Tracker; and Emerging Markets Tracker); Cambridge
Associates; Amadeus IV Early Stage Fund; Amadeus V Early Stage Fund;
HarbourVest; Private Equity; AQR Style Premia Fund; Absolute Return
Assets; Absolute Return and Private Equity; Property; CPF Fund; Clipstone;
DPFC; Real Assets (including Property); UK Corporate Bonds; CU Endowment
Fund; and Restricted Walters Fund.

2019-20: See attachments.

2)      Please also confirm if any shares are held in arms trade companies
as part of a pension fund or endowment, either directly or indirectly
through an externally managed fund. Details should be broken down,
year-by-year for the last five financial years.

See answer above to Question 1.  Any further breakdown of information is
not held.

If you are not satisfied with the outcome of the request please request an
internal review of the decision.  If, after following those procedures you
are still not satisfied with the way in which your request has been dealt
with you may apply directly to the Information Commissioner for a
decision.  Generally, the Commissioner will not entertain your complaint
unless you have exhausted any relevant internal review procedures.

 

Yours sincerely,

 

Emma Easterbrook

Emma Easterbrook

Assistant Bursar

Clare College

Trinity Lane

Cambridge CB2 1TL

 

DD: (01223) (7)64756

E-mail: [1][email address]

 

[2]www.clare.cam.ac.uk

 

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