These are the investment guidelines used by GCF when working on the design of new conservation endowments, conservation trust funds, and other long-term financing vehicles. These guidelines are provided to investment managers when developing an investment policy for a new fund that will receive support from GCF. Small deviations from these guidelines are permitted if a reasonable justification is provided by the investment manager. The guidelines were developed by GCF in consultation with John Adams of the Arbor Group/UBS and are based on best practices for endowments.
gcfinvestmentguidelines2010-nc.doc