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Trustees defer Investment Policy changes after bank-recommended revisions
Summary
The board discussed proposed edits from Bank of New Hampshire Wealth Management—including whether high-yield bond funds should be categorized under equities and how to define alternative investments—and agreed to send the draft back to the Investment Committee for review rather than adopting changes at the meeting.
The Investment Policy Statement was discussed Feb. 19 after the board reviewed suggested revisions from Bank of New Hampshire Wealth Management. The minutes record that the proposed edits include reclassifying some high-yield bond funds under equities and clarifying what the board counts as alternative investments. The board reached consensus that the Investment Committee should take another look before any action is taken.
John Perley summarized the January 2026 Endowment Report from Bank of New Hampshire and the meeting record shows no vote to adopt policy changes; instead, the Investment Committee will review the document and present recommendations to the board at a future meeting.
