9.15.22 OMA Finance Committee Meeting

7173 S. Havana St #600-130 Centennial, CO 80112 P: 303.770.2526 | F: 303.779.4834 obesitymedicine.org

INVESTMENT POLICY FOR “INVESTMENT ACCOUNT ASSETS”

Commented [TF1]: Add an approved date & a date that the policy should be reviewed or “sunset”.

I. INVESTMENT OVERSIGHT A. Purpose: OMA recognizes the need to further the field of obesity medicine and the need for adequate financing to meet this goal. OMA recognizes there are multiple sources of financing including investment income. OMA’s goal is to make investment decisions that enhance its ability to both operationally and strategically further the field of obesity medicine. OMA therefore supports this investment policy which recognizes the retention and investment of funds to meet the future needs of the Association. B. Investment Goals: Over theestablished investment horizonof 5-7 years, it is thegoal of OMA to: • Absolute Exceedanabsolute return equal to the rate of inflation, measuredby theConsumer Price Index (CPI), plus 5%annually (over a rolling5-year timehorizon). • Relative Exceed the returnof indiceswithanappropriateamount of risk basedupon specific asset type (e.g. StandardandPoor’s 500, BarclaysAggregateBond Index) andpeer groupanalysis. Recognizing that there is no risk-freeway toearn the target objectiveover a full market cycle, the Investment Committeeand its Investment Advisers shall strive to improve the likelihoodof achieving that target returnwithan amount of investment risk that is reasonable andappropriate for anendowment of its sizeand scope. C. The OMA Finance Committee, chaired by the Secretary/Treasurer, is responsible for overseeing the management of OMA investments and for making recommendations to the OMA Board of Trustees regarding investment policy. According to the OMA Bylaws, the Finance Committee is comprised of the Secretary/Treasurer, two Board of Trustee members appointed by the Board of Trustees, and the Executive Director who shall be a nonvoting member. D. The Committee shall meet on a minimum of a semi-annual basis to: 1. Review the investment reports and asset allocations 2. Make recommendations to the Board on the investment policy 3. Provide direction to the Portfolio Manager, as necessary E.C.The OMA Executive Director shall serve as the primary liaison to the Portfolio Manager and make recommendations to the Finance Committee regarding investment policy, as necessary. F.D.The OMA Secretary/Treasurer and Executive Director are responsible for reviewing the

Commented [DW2]: Per Dr. Lazarus, Section C & D should be deleted as they pertain to items already in the Bylaws. Instead it should read for the OMA Finance Committee – refer to the Bylaws for Finance Committee.

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