At the Health Foundation, our internal investment team is deliberately small and works alongside some important external investment advisers.
Read more about how and where we invest.
Our investment partners
At the Health Foundation, our internal investment team is deliberately small and works alongside some important external investment advisers. All their work is overseen through our robust governance structure, via our Investment committee and Board of Governors.
Our investment consultant
Redington is our investment consultant. They advise us on how to spread strategically our investments across a range of areas and oversee our public equity investment managers. We chose them because of their reputation and credibility in responsible investment – they have worked with some of the largest pension funds, endowments and charities across Europe.
Our investment adviser
Cambridge Associates is our investment adviser for alternative strategies. They manage our allocation to hedge funds and guide and support our private investment portfolio.
Our custodian bank
Northern Trust is our custodian bank, responsible for the safekeeping of our assets.
Where we invest
The Health Foundation’s investments are diverse, ranging from shares in UK household names to investments in sustainable agriculture infrastructure, renewable energy and life sciences companies. Through our active public equity investment managers, the Foundation is a shareholder in around 160 global companies. This figure is much larger when you also include our portfolio of private investments.
A breakdown of our investments
| Asset type | Value (£m) | Percentage (%) |
|---|---|---|
| Public equity | 617.5 | 52.47 |
| Hedge fund portfolio | 126.6 | 10.76 |
| Private investments | 272.2 | 23.13 |
| Cash | 41.8 | 3.55 |
| Property funds | 83.9 | 7.13 |
| Fixed interest | 34.8 | 2.96 |
| Total | 1,176.8 |
Our public equity investment managers
Just over half of our endowment is invested through public equity funds. We work with a trusted group of investment managers to ensure this important part of our endowment is invested responsibly.
We don’t directly tell our investment managers what to invest in. But we’ve chosen them based on their shared values and principles for responsible investment and sustainability, and their willingness to work with us to engage with companies on matters specific to the Foundation’s mission.
Our public equity investments as of 30 June 2023:
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Aikya Global Emerging Markets
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Axiom Concentrated Global Growth
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Impax Global Opportunities
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L&G Future World ESG Developed Index
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Ninety-One Global Environment
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Ownership Capital Global Equity
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Schroders Global Equity
Further reading
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