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Dear Laura Clayson,

We have completed the compilation of information in response to your request.

We can confirm that we do hold some information of the description specified in your request, copied below.

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 2022?

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”, row “total market value.”

For guidance on the number we are seeking, please see this example from the University of Glasgow at ‘Annual Investments’ in cell C1091 here: https://eur01.safelinks.protection.outlo...

2. On the 31st July 2022, 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 2022.

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 2022. Please provide this information in a spreadsheet format.

5. If the university holds investments through [an] external fund manager(s), please provide a breakdown of the university’s holdings with that investment manager on the 31st July 2022, 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 the University of Glasgow’s breakdown at ‘Annual Investments’ here: https://eur01.safelinks.protection.outlo...

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.

Please note, that at the time of your request, UCL did not hold the requested information for 31 July 2022. To assist you however, we have provided the requested information below, accurate as of 30 June 2022 instead.

Our response to each question is as follows:

1. £218,595,531
2. UCLs investment portfolios are managed by external fund managers.
3. Sarasin & Partners - 47%, CCLA - 53%
4. UCL does not invest directly
5. Please see the attached spreadsheets for this information.
6. https://www.ucl.ac.uk/sustainable/ethica...

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Vice-President (Operations)
University College London
Gower Street
London
WC1E 6BT

Please note, complaints and requests for internal review received more than two months after the initial decision will not be handled.

If you are not content with the outcome of the internal review, you may apply directly to the Information Commissioner at the address given below. You should do this within two months of our final decision.

If you have any queries or concerns, please contact me using the details provided in this letter and including the request reference number.

Further information on the Freedom of Information Act is available from the Information Commissioner’s Office:

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01625 545700
www.ico.org.uk
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Chris Hayward
Data Protection and Freedom of Information Adviser
Data Protection Office University College London
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-----Original Message-----
From: People & Planet <[FOI #893605 email]>
Sent: 02 September 2022 12:57
To: Finance.FOI Requests <[email address]>
Subject: Freedom of Information request - 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 2022?

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”, row “total market value.”

For guidance on the number we are seeking, please see this example from the University of Glasgow at ‘Annual Investments’ in cell C1091 here: https://www.gla.ac.uk/myglasgow/sustaina...

2. On the 31st July 2022, 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 2022.

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 2022. Please provide this information in a spreadsheet format.

5. If the university holds investments through [an] external fund manager(s), please provide a breakdown of the university’s holdings with that investment manager on the 31st July 2022, 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 the University of Glasgow’s breakdown at ‘Annual Investments’ here: https://www.gla.ac.uk/myglasgow/sustaina...

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

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