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
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SSMU Sustainability Case Competition:Oxcel Endowment Julie Skarha
Béatrice St-Jean Maria Wang
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Agenda• Key Issue• Current Situation • Decision Criteria• Alternatives• Recommendations• Key Takeaways
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Key IssueNeed to invest a portion of the Oxcel College
endowment in a socially responsible investment fund
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Current Situation • Current economy in recession• Poor performance of endowment • Questionable management• Increased concern of sustainable practices
o Push from alumni
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Options• Socially responsible investing needed
o Original SRI fundso Green fundso Sustainable funds
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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
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Alternatives 1. Abbe SRI Fund2. Winslow Green Growth Fund3. Calvert Social Investment Equity
Fund
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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%
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Financial Feasibility
Social Responsibility
Manager Tenure
Abbe SRI Fund
- + ---
Winslow Green Growth
+ + ++
Calvert Social Investment Equity
+++ ++ ++
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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
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Recommendation Invest the 30% in Calvert Social Investment Equity• Financial stability • Overarching sustainable principles• Average longer manager tenure
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Invest in Cascades Inc.
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Key Takeaways Strongest financially Most socially responsible Cascades = mid-cap investment
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Questions?