Administrative Update  |   November 2016
Financing for the Future: ASA’s Investment Policy
Author Affiliations
  • Michael W. Champeau, M.D.
    Assistant Treasurer
Article Information
Hematologic System / Practice Management / Advocacy and Legislative Issues / Administrative Update
Administrative Update   |   November 2016
Financing for the Future: ASA’s Investment Policy
ASA Monitor 11 2016, Vol.80, 6-10.
ASA Monitor 11 2016, Vol.80, 6-10.
As my first year as ASA Assistant Treasurer comes to a close, I thought it appropriate to use this opportunity to share with our membership ASA’s approach to investing its financial assets.
The precise value of ASA’s long-term investment portfolio obviously fluctuates daily with the financial markets. But, as of this writing, our society has a total of approximately $78 million in financial reserves invested in a broad variety of financial instruments. While that might appear to be more than sufficient, ASA’s Administrative Procedures restrict the overwhelming majority of those funds for specific purposes, future obligations and emergency reserves. After allowing for those commitments, ASA’s available reserves in 2016 have consistently hovered below $7 million.
First Page Preview
First page PDF preview
First page PDF preview ×
View Large
0 Comments
Submit a Comment
Submit A Comment

Contributors must reveal any conflict of interest. Comments are moderated.

Name
Affiliation & Institution
I have a potential conflict of interest
Comment Title
Comment


This feature is available to Subscribers Only
ASA Member Login or Create an Account ×