Cazenove Charities is a dedicated investment and advice team within the wealth management arm of Schroders, a FTSE-100 listed company.
More than 1,700 charities, universities, foundations, endowments, and other non-profit bodies have entrusted us with £12.9 billion assets under management as of 30 June 2024. We are proud to be the largest investment manager to the top 5,000 charities. The not-for-profit sector is very important to the continuing success of our business. We have been working with charities, universities, endowments, foundations, and other non-profit bodies for over 80 years, having been appointed to our first mandate from the sector in 1936. We are delighted that this client remains with us today.
Education is the largest segment of our business with over £3.8 billion managed on behalf of 359 universities, colleges, and schools of which £2.3 billion is from 40 universities. We enjoy long relationships with these institutions, and we believe that our close collaboration gives us an unparalleled insight into their operating environment. We believe that this level of expertise gives us added insight into the sector’s dynamics, opportunities, and challenges.
We are proactive in providing advice, recognising that circumstances change over time, with flexibility to adapt being key. We have conversations with University stakeholders about a wide range of topics, including strategic change; alternative investment solutions; portfolio distributions and forecast risk and return parameters.
Our purpose is to provide excellent investment performance to our clients through active management and responsible stewardship. As investors, the way we direct capital not only shapes the financial returns we can deliver for our clients but also the impact we have on the world. The way we invest is changing, driven by a fundamental shift in how companies are being viewed and valued. Where once we considered only risk and return, we now assess a third dimension – impact. We believe that considering these three pillars together can help us assess an asset’s real value and make better investment decisions for our clients. We have been considering environmental, social and governance (ESG) factors for over 20 years and now fully integrate ESG across our managed assets. You can find out more about our approach to sustainability here.
We are committed to accelerating positive change, by allocating capital away from harmful businesses and towards those businesses that contribute to solutions. Schroders has been named as one of the world’s most influential financial companies making a meaningful contribution to achieving the UN Sustainable Development Goals (SDGs) (Source: Financial System Benchmark | World Benchmarking Alliance 2022).
Schroder Group recent accreditations:
“On behalf of colleagues could I thank you and the team once again for a helpful discussion yesterday. We have advanced our thinking on a) what sort of assets should we investing in and how much b) evidencing what a sustainable spend rate might be and c) reframing the purpose of our investments and how to align that with our corporate strategy, particularly our net zero objectives.”
“In 2020, the University committed to deliver on its desire to invest its £60m+ endowment in line with the University’s strategy and commitment to sustainability. Cazenove Capital were appointed investment managers, with an explicit dual objective for strong long term financial returns alongside positive impact on people and planet. Their strong track record and commitment to ESG and the UN SDGs made them a standout partner. The underlying investments (now £71+ million) are social as well as climate focused. Alongside green bonds and renewable energy infrastructure are investments such as the Refugee Better Outcomes Partnerships; delivering programmes to provide support to refugees to transition out of asylum accommodation into the community. In turn, the good return on investment generated has enabled the University to bolster its offer of studentships, especially to those from underprivileged backgrounds. What gets measured, gets managed, so clear impact reporting has been crucial, as has ongoing collaboration, e.g. on research into University approaches to net zero investment strategies.”
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