Pembroke

Divested?

No.

Pembroke continues to hold indirect investments in arms.

FOI Request

Directed to Investment Policy site and could not give information on Cambridge University Endowment Fund breakdown. 

Investment Policy

High transparency of investments on their Investment Statement (2024) page:

“The College’s current investment approach, last updated in October 2019, is that we have no direct investments in businesses which are predominantly involved in tobacco, arms, or fossil fuels. When considering whether to invest in pooled funds, where it is often impossible to specify exceptions, the level and materiality of investment is carefully considered.

Pembroke College has a portfolio valued at 30 June 2024 of £117.7m (audited) and it is made up as follows:

The makeup of the Pembroke College investment portfolio, in thousands of pounds. Cash 5,554 GMO Global Equity Allocation Investment fund  Vanguard Developed World ex-UK equity index fund 18,500 Gilts  2,595 Stern Global equities (see downloads on right-hand side of page) 13,592 Cambridge University Endowment Fund 19,234 Cantab Balanced Fund 9,629 Clipstone Industrial REIT Fund  11,591 Loans to Fellows (declared as benefits in kind) 353 Morgan Stanley private equity fund 6 Cambridge Associates venture capital funds I and II 903 NVP IV venture capital fund 31 Agricultural land let by Bidwells (see downloads on right-hand side of page) 10,939 Commercial property let by Cheffins (see downloads on right-hand side of page) 2,505 Residential property (see downloads on right-hand side of page) 22,365 Total 117,796
A breakdown of Stern Investments. Stern Investments Givaudan AG CHF 10 Sika AG CHF Eaton Corp PLC Common USD Honeywell Intl Inc USD Otis Worldwide Corp USD Xylem LVMH Moet Hennessey EUR 0.30 Amazon Com Inc Common USD Diageo Plc GBP Nestle SA CHF 0.10 CHF Pernod Ricard NPV EUR L'Oreal SA EUR Abbott Labs Common USD Alcon Inc CHF0.04 Essilor International SA EUR Roche Hldings AG NPV GS CHF Thermo Fisher Scientific Inc USD Adobe Inc USD Mastercard Inc Class A USD
A continued breakdown of Stern Investments. Salesforce.com USD Amphenol Corp Class A USD ASML Holding NV Nvidia Corp Common Alphabet Inc Class C USD Meta Platforms Inc Walt Disney Co. American Tower Corp Common USD Zoetis Inc

Contacts

Bursar: Dr Andrew Cates; andrew.cates@pem.cam.ac.uk

Senior tutor: Professor Robert Mayhew; senior.tutor@pem.cam.ac.uk

Master: Lord Chris Smith c/o master’s office; master@pem.cam.ac.uk