PT - JOURNAL ARTICLE AU - Charles D. Ellis TI - Best Practice Investment Committees AID - 10.3905/jpm.2011.37.2.139 DP - 2011 Jan 31 TA - The Journal of Portfolio Management PG - 139--147 VI - 37 IP - 2 4099 - https://pm-research.com/content/37/2/139.short 4100 - https://pm-research.com/content/37/2/139.full AB - Good governance is increasingly recognized as equal in importance to good management for investment success of endowments. But investment committees are “all over the map” in their policies and practices. The opportunity to improve results by adopting Best Practices is large, and because endowed institutions—in education, culture, and healthcare—provide some of our most treasured services, the benefits of adopting Best Practices can be rewarding to committee members and to the institutions they serve. Ellis draws on years of personal experience as a member of a dozen investment committees in Australia, Singapore, New Zealand, Saudi Arabia, and the United States to provide a complete guide to international Best Practices.TOPICS: Wealth management, equity portfolio management, VAR and use of alternative risk measures of trading risk