Supply of Investment Advisory Services for Charles Sturt University

⁠⁠⁠The University is undertaking a Request for Tender (RFT) to assist it in its management of its investment portfolios. The portfolios are currently segmented into four structures and 30 June 2022 valuations are as follows:
1. Short term liquidity management of $102mil, designed to manage cash flows within an annual financial cycle;
2. A medium term portfolio of some $99mil, managed to provide for forward capital expenditures. This portfolio is managed as a 30% growth and 70% defensive asset holding. Its policy benchmark is the 90 day BBSW +2.5% over rolling 3 year periods.
3. A long term portfolio of some $168mil, managed for the permanent capital of the University. This portfolio has a 70/30 growth/defensive allocation and has a policy benchmark of CPI +5% over rolling 5 year periods.
4. The University has direct holdings in several entities including 1,831,159 shares in IDP Education valued at $44mil, shares in AARNet Pty Ltd valued at $5.7mil, Education Australia Ltd valued at $1.1mil and shares in Uniprojects Pty Ltd valued at $2.7mil. These are strategic investments but do form part of the investment portfolios.