Long-term investments are managed to meet objectives for capital preservation and growth that are appropriate to the time horizon over which the assets are to be invested and the ultimate uses to which the assets are meant to be directed.  These objectives are set by the Board of Trustees and are monitored and periodically amended in conjunction with input from the University’s investment staff and outside investment consultants.  The University’s long-term investments are primarily composed of endowment assets but also include other assets invested separately for different purposes.