To identify and describe an appropriate set of investments objectives and constraints for the Atkins Endowment Fund to be created after Mrs. Atkins death. Introduction: An investment policy statement (IPS) is a document that is drafted for a portfolio manager usually by his client that states the general principles for investment for the manager. This statement gives the broad investment objectives and constraints of a customer and illustrates the strategies to be formulated by the manager for meeting these objectives. An endowment fund is usually created by a foundation. The foundation makes withdrawals from the capital invested in the endowment fund. Such capital is used by university for its general or operating needs. They are normally funded by donations.

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Chapter 22, Problem 9CP

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To determine:

To identify and describe an appropriate set of investments objectives and constraints for the Atkins Endowment Fund to be created after Mrs. Atkins death.

Introduction:

An investment policy statement (IPS) is a document that is drafted for a portfolio manager usually by his client that states the general principles for investment for the manager. This statement gives the broad investment objectives and constraints of a customer and illustrates the strategies to be formulated by the manager for meeting these objectives.

An endowment fund is usually created by a foundation. The foundation makes withdrawals from the capital invested in the endowment fund. Such capital is used by university for its general or operating needs. They are normally funded by donations.

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