This Case is about FINANCIAL MANAGEMENT
PUBLICATION DATE: June 21, 2016 PRODUCT #: 216086-PDF-ENG
This case is centered around James Lawrie; James Lawrie is Christ Church’s Treasurer who’s considering his choices for investing some of the endowment of the School in real estate. About 1/3 of the entire $690 million endowment was allocated towards real estate, substantially higher than the typical 4% allotment by his American counterparts. Real estate has remained an important part of the Christ Church endowment since its foundation in the mid-16th century. The School started with major property holdings initially received from Henry VIII, which seeded the endowment of the School.Â Lawrie chews over the future purpose of real estate in the School’s portfolio, evaluates the operation of the “US Endowment Model” and compares Christ Church’s performance against others as he considers various investment strategies including; redevelopment, property sales, specialist funds, pooling capital with the other Oxford Colleges, and taking on more debt contemplating the once-in-a-generational low interest rates.