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Information about the investments of Oxford University
Any questions about any of the following, please e-mail [email protected], or after June
2006, [email protected]. Or ring 07840 381195.
Summary
Most of the fund management companies I approached only give out their top-ten holdings. However,
the Barclays Global Investor funds all track various FTSE indices. this means that Oxford University
invests in the arms companies, tobacco companies and other dubious characters who appear in the
FTSE indices.
Further companies of note that we definitely invest in include: Barclays / HSBC / British American
Tobacco / GlaxoSmithKline / BP / Shell (See Artemis Income Fund)
Contents:
1. List of who the money in the trusts pool is invested with
2. List of who the money in the capital fund is invested with
3. Information about what has been found out about each of these in turn, together with
telephone and internet references, where known
4. Work that could still be done finding out about who Oxford University invests in
5. Trusts Pool
a) UK Equity
BARCLAY'S GLOBAL INVESTORS (BGI) CHARITRAK EQUITY
HENDERSON UK SMALLER COMPANIES FUND
b) European Equity
ABERDEEN ASSET MANAGEMENT
c) Far Eastern Equity
JF PACIFIC EQUITY FUND
d) Emerging Markets Equity
GENESIS EMERGING MARKETS INVESTMENT COMPANY
e) Absolute Return
FAUCHIER PARTNERSHIPS
GOLDMAN SACHS - £ SHARE CLASS
f) UK Government Bonds
BGI GILTRAK
g) UK Corporate Bonds
INVESCO CORPORATE BOND FUND
h) Property
CARR-SHEPPARDS CHARITIES PROPERTY FUND
FALCON PROPERTY TRUST
i) Private Equity and Venture Capital
PRIVATE EQUITY AND VENTURE CAPITAL MANAGER
OXFORD UNIVERSITY LIMITED PARTNERSHIP
2. Capital Fund
a) UK Equity
BGI CHARITRAK UK EQUITY
ARTEMIS INCOME FUND
ABERFORTH UK SMALL COMPANIES FUND
b) Global Equity
BGI AQUILA WORLD EQUITY
CEDAR ROCK CAPITAL FUND PLC
c) Emerging Markets Equity
GENESIS EMERGING MARKETS INVESTMENT COMPANY
d) UK Government Bonds
BGI GILTRAK
3. Specific information about these funds
BARCLAY'S GLOBAL INVESTORS (BGI) CHARITRAK EQUITY
Phone: 0207 668 8000
Internet: www.barclaysglobal.com
This is a tracker fund following the FTSE All-Share index, which is an aggregation of the FTSE 100
(82%), the FTSE 250 (14%) and the FTSE Small Cap (4%) indices.
Details of which companies are in the FTSE each month can be found at
www.londonstockexchange.com and apparently also in the Independent and Times each day.
Companies include BAE Systems, Smiths Group and other baddies.
HENDERSON UK SMALLER COMPANIES FUND
Phone: 0207 8181818 / 0800 881144
Internet: www.henderson.co.uk
Top Ten Stocks at 30 June 2004 were:
T & F Informa / Atkins / Domino Printing / Balfour Beatty / Games Workshop / Clinton Cards /
Bellway / westbury / Interserve / Cairn Energy
A copy of their annual report has been handed over to Richard Ollerhead.
b) European Equity
ABERDEEN ASSET MANAGEMENT
Phone: 0207 463 6000
Internet: www.aberdeen-asset.com
E-mail: [email protected]
There's no useful information on their website that I could find and they refus to give any more details
of their funds than is available on the internet.
c) Far Eastern Equity
JF PACIFIC EQUITY FUND
I could find no contact details.
d) Emerging Markets Equity
GENESIS EMERGING MARKETS INVESTMENT COMPANY
Phone: 0207 201 7200, possibly contact Charles Zorab
Internet: www.giml.co.uk
Their full annual report can be found at: http://www.giml.co.uk/NavFramePage.htm
A paper copy has been passed onto Richard Ollerhead.
Without doing a lot of research into the companies they list, the fund includes tobacco (Korea Tobacco
and Ginseng), mining companies (Anglo American) and oil (PTTEP).
e) Absolute Return
FAUCHIER PARTNERSHIPS
Phone: 0207 3078888
Internet: www.fauchierpartners.com
Email: [email protected]
There is no useful info on website, and they claim it is confidential on the phone.
GOLDMAN SACHS - £ SHARE CLASS
Phone: 0207 7741000
Internet: www.gs.com/uk
I was unable to find out which fund '£ Share Class' refers to.
f) UK Government Bonds
BGI GILTRAK
Phone: 0207 668 8000
Internet: www.barclaysglobal.com
This is a tracker fund following the FTSE All Stocks Gilt index. This is what I was told on the phone,
although have been unable to find out what this index is.
If you succeed, details of which companies are in the FTSE each month can be found at
www.londonstockexchange.com and apparently also in the Independent and Times each day.
g) UK Corporate Bonds
INVESCO CORPORATE BOND FUND
Phone: 0800 085 8677
Internet: www.invesco.co.uk
The ten largest holdings for this fund between 1st May and 31st October 2004 were:
UK Treasury (x4) / Network Rail / J Sainsbury / General Electric Capital / Deutsche Telekom
International Finance / France Telecom / GE Capital UK
The ten largest holdings for this fund between 8th May 2003 and 30th April 2004 were:
France Telecom / Network rail / UK Treasury (x2) / GE Capital UK / Lloyds TSB Capital / Deutsche
Telekom International Finance / J Sainsbury / At&T Wireless Services / General Motors
The ten largest holdings for this fund at 31st August 2005 were:
Fed Rep of Germany 2.5% E-Bonds / Treasury 4% £ Stock / J Sainsbury / Network Rail / Treasury
4.25% £ Stock (x2) / Barclays Bank 4.75% Perp £ Bonds / Safeway 6% £ Bonds / Gen Electric Cap
5.25% £ Bds / AT&T 8% US$ Bonds
Paper copies of their reports have been handed to Richard Ollerhead.
h) Property
CARR-SHEPPARDS CHARITIES PROPERTY FUND
Phone: 0207 5971234
Internet: www.carr-sheppards.co.uk
No info, but I doubt we want to be pursuing property info that strongly anyway.
FALCON PROPERTY TRUST
Phone: 0207 399 9600
Internet: www.falcontrust.co.uk
A full list of their properties can be found on their website.
i) Private Equity and Venture Capital
PRIVATE EQUITY AND VENTURE CAPITAL MANAGER
OXFORD UNIVERSITY LIMITED PARTNERSHIP
I have no information on the above, but they may relate to ISIS which I think is a company owned by
Oxford University. Tim Cook is the Executive Director, but I have not been in touch with him.
3. Capital Fund
a) UK Equity
BGI CHARITRAK UK EQUITY
As above.
ARTEMIS INCOME FUND
Internet: www.artemisonline.co.uk
They have the management report available fo rdownload on their website, including a sizeable list of
their holdings.
Notable companies: Barclays / HSBC / British American Tobacco / GlaxoSmithKline / BP / Shell
A paper copy of the report has been handed to Richard Ollerhead.
ABERFORTH UK SMALL COMPANIES FUND
Internet: www.aberforth.co.uk
A list of their top 50 holdings can be found on their website at: www.aberforth.co.uk/uksmallco
b) Global Equity
BGI AQUILA WORLD EQUITY
Phone: 0207 668 8000
Internet: www.barclaysglobal.com
This is a tracker fund following the FTSE World Ex-UK Benchmark. I haven't been able to find a list
of the companies this includes but others might have more luck at www.londonstockexchange.com.
CEDAR ROCK CAPITAL FUND PLC
I haven't been able to find any contact details for these people.
c)Emerging Markets Equity
GENESIS EMERGING MARKETS INVESTMENT COMPANY
See above.
di) d)UK Government Bonds
BGI GILTRAK
See above.
4. Opportunities for further research
Find out about the companies included in the different FTSE Indices which the BGI investments track.
There are certain funds which I have been unable to find a contact for JF Pacific Equity Fund
Cedar Rock Capital Fund
Did the original response from the uni contain anymore info than this?
What does 'Goldman Sachs - £ Share Class' refer to? GS didn't seem to recognise the name when I
called.
Who are ISIS in the university? I was directed to them by someone as being responsible for the uni's
investments. Are they the people who gave us this information in the first place?