University of Tartu Foundation forms new investment committee

The University of Tartu Foundation has established an investment committee to guide its investment policy, portfolio manager selection, and risk management. This move aims to professionalize the management of the foundation's assets and ensure long-term strategic growth, with a goal of increasing assets to at least 10 million euros.

The four-member committee includes Mart Maasik, a venture capitalist with experience in business development and innovation; Helo Meigas, an expert in finance and risk management; Richard Millward; and Kristjan Tamla.

This structure mirrors practices at top global institutions such as Harvard, Yale, and Oxford, as well as regional universities like Turku and Aalto in Finland. Previously, asset management was handled by the foundation's board, management, and asset manager. The inclusion of independent experts is intended to ensure the sustainability and professionalism of the foundation's financial growth.