NCKU forms investment committee
The China Post news staffTAIPEI, Taiwan -- “With government finances becoming scarce, education financing in the future will become difficult,” said National Cheng Kung University (NCKU) Vice President Chih-Chin Ho. To resolve this problem, NCKU has recruited chairmen from local financial holdings to be members of its investment advisory committee, with the aim to increase the return on investment of the university's endowment funds, said Ho.
October 1, 2013, 12:09 am TWN
“Taiwan has a low birthrate which leads to a gradually aging society. It is estimated that national budget funds allocated to education are bound to be reduced gradually too,” noted Ho while explaining why top-tier national universities are heading towards the trend of self-funding.
Ho, on behalf of President Hwung-Hweng Hwung, presented letters of appointment to Hua Nan Financial Holdings Chairman Teng-Cheng Liu, First Financial holding Chairman Ching-Nien Tsai, Deutsche Asset and Wealth Management General Manager Jim Chang, NCKU Department of Accounting and Department of Finance Professor Dr. Meng-Feng Yen and NCKU Department of Industrial and Information Management Professor Dr. Der-Chiang Li.
The presentation of letter of appointments was then followed by the first meeting where discussions were made on an investment plan for the next stage.
Ideas were exchanged on issues such as the amount of investment, asset allocation, screening of financial instruments and others.
The committee members acknowledged the measure taken by the Ministry of Finance to shorten the administrative schedule of the sale of securities limited by the National Property Act, with the view that this measure will help enhance investment yield of university endowment funds.
The mission of the NCKU Investment Advisory Committee revolves around asset allocation, investment, investment instruments, the amount of investment, investment opportunity, risk management, profit and loss of investment, reward system for professional managers, investment performance appraisal and other advice and recommendations, functioning as a reference for evaluating the university's endowment fund investment.
The members will serve a 2-year term and will have to be re-appointed again at the end of the term. The NCKU Vice President, as appointed by the NCKU President, will be the convener of the committee whereas the NCKU Chief Financial Officer (CFO) will take the position of secretary general of the committee.