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Investment Approach

We have developed an investment approach that we believe will help us to achieve our vision. We aim to preserve capital and still provide for a consistent level of annual grant funding, with the flexibility to respond to opportunities as they arise.


The Foundation’s Investment Committee continuously reviews and adopts global best practices in the oversight of the Foundation’s portfolio.

Helping make those decisions is the Foundations asset consultant, JANA. JANA is an Australian, majority management-owned, independent asset consultancy, who have been operating for over thirty years and were appointed from 1 January 2021.

Foundation North sets robust benchmarks against which it assesses the performance of its investment managers over appropriate time periods.

Foundation North’s investment performance is also compared against the composite portfolio benchmark (net of investment management fees and any relevant taxes). This is set out below together with our targeted annual return of CPI +4.5%.

Our net of fee return is reviewed against appropriate benchmarks.  

The Foundation’s portfolio size enables it to enjoy significant economies of scale in terms of the fees it pays to its managers.