ssmu sustainability case competition: oxcel endowment
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SSMU Sustainability Case Competition: Oxcel Endowment. Julie Skarha Béatrice St-Jean Maria Wang. Agenda. Key Issue Current Situation Decision Criteria Alternatives Recommendations Key Takeaways . Key Issue. - PowerPoint PPT PresentationTRANSCRIPT
SSMU Sustainability Case Competition:Oxcel Endowment Julie Skarha
Béatrice St-Jean Maria Wang
Agenda• Key Issue• Current Situation • Decision Criteria• Alternatives• Recommendations• Key Takeaways
Key IssueNeed to invest a portion of the Oxcel College
endowment in a socially responsible investment fund
Current Situation • Current economy in recession• Poor performance of endowment • Questionable management• Increased concern of sustainable practices
o Push from alumni
Options• Socially responsible investing needed
o Original SRI fundso Green fundso Sustainable funds
Decision Criteria • Social responsibility
o Environmental o Social o Corporate governance
• Financial Feasibilityo Large fund size o Low turnover; low fees and expenses
• Manager Tenure
Alternatives 1. Abbe SRI Fund2. Winslow Green Growth Fund3. Calvert Social Investment Equity
Fund
Fund Name
Inception Date
Manager Name
Avg. Manager Tenure (Years)
Fund Size (in millions)
Total Expense Ratio
Advisory Fee
Turnover Rate
Abbe SRI Fund
Jun 06 Jonathan Abbe
3.30 $17.2 1.25% 1.05% 252%
Winslow Green Growth Fund
Jun 06 Jackson RobinsonMarilyn Irvin
8.58 $267.3 1.20% 0.90% 113%
Calvert Social Investment Equity Fund
Nov 99 Richard EnglandWilliam Hackney III
8.56 $1114,9
0.67% 0.60% 51%
Financial Feasibility
Social Responsibility
Manager Tenure
Abbe SRI Fund
- + ---
Winslow Green Growth
+ + ++
Calvert Social Investment Equity
+++ ++ ++
Social ResponsibilityAbbe• Avoidant • Limited criteria
Winslow• Any industry
sector • Narrowly
focused on environment
Calvert• Broad definition
of sustainabilityo Socialo Environmenta
lo Corporate
governance• Financially stable
Recommendation Invest the 30% in Calvert Social Investment Equity• Financial stability • Overarching sustainable principles• Average longer manager tenure
Invest in Cascades Inc.
Key Takeaways Strongest financially Most socially responsible Cascades = mid-cap investment
Questions?