Reviewing investment performance and managers on a regular basis is a legal responsibility of trustee boards where charities have investment portfolios. While there are no specific requirements for such reviews, most charities tend to have ongoing monitoring on a quarterly or semi-annual basis. A more comprehensive review is typically held once every three years.
We published a guide to help charity trustees to approach this issue. This article was published in CFG Finance Focus October 2021 and can be found on our website at https://www.pmclconsulting.com/post/a-guide-to-reviewing-your-charities-investment-manager