Why was the Annual Programs Fund not invested more conservatively?
A. The Rotary Foundation’s investment policies reflect industry best practices that feature long-term investment strategies and portfolio diversification. The Foundation invests in accordance with the Uniform Prudent Investor Act , which governs the investment management of institutional funds. Unfortunately, the losses we are experiencing are across most investment categories. This is an extraordinary year in history for investments. The Foundation knows of no other institutions such as ours that had the foresight to predict what is currently happening in the global financial markets.
