Universities - clean investments

Universities: Cambridge University and Colleges

Below is a list of the value of shares held by each university. The most recent figures generally refer to investments held in June 2008 in the top six UK-based arms exporting companies and the top eight American arms companies. The other figures mostly refer to shares held in March 2006 in the top seven US and UK arms companies at that time. The date of the information is provided in all cases.

The figures are taken from responses to Freedom of Information Act requests made to each university. Whilst the greatest care has been taken to ensure the accuracy of all the figures in this report, CAAT recognises the possibility of human error, and recommends that this fact be kept in mind when referring to the information.

There is an active university CAAT campaign group: Cambridge Students Against the Arms Trade.

University of Cambridge

Shares held directly or indirectly in arms companies, however further information withheld, the University claiming exemption under Sections 41 and/or 43 of the Act.

Total Assets Invested (all shares) ?
Arms shares as % of total investments ?

Information refers to June 2008

To verify information, email: Ian Troupe, Freedom of Information Officer
To register concerns, email: Andrew Reid, Finance Director

Colleges

Christ's College

No direct arms company shares. Endowments invested with a number of managed funds, however no details of what is held within these funds.

Total Assets Invested (all shares) £84m
Arms shares as % of total investments ?

Information refers to June 2008

To verify information, write to: The Freedom of Information Officer, Christ's College, Cambridge, CB2 3BU.
To register concerns, email: Dr R K Hinkley, Bursar


Churchill College

Due to the hard work and campaigning of students at Churchill College, all its investments were moved to British Food Association and Abcam in January 2010! Congratulations to everyone involved.


Clare College

No direct arms company shares. All equity holdings (£27m) are in tracker funds and will include holdings in arms companies, however no details held.

Total Assets Invested (all shares) £69m
Arms shares as % of total investments ?

Information refers to June 2008

Send an email to: Mr Donald Hearn, Bursar


Clare Hall

Clare Hall's endowment is invested in two charity funds, which are ethical and exclude companies who have a significant (over 5%) element of arms.

Total Assets Invested (all shares) £13m

Information refers to June 2008

Send an email to: Joanna Womack, Bursar


Corpus Christi College

No information on investments available - all investments in pooled funds. These may contain shares in arms companies.

College does not hold investments in conflict with aims of education, religion, learning and research.

Total Assets Invested (all shares) £38m
Arms shares as % of total investments ?

Information refers to June 2008

Send an email to: Sue Ainger-Brown, Finance Manager


Darwin College

UK arms company shareholdings:
BAE Systems £115,004
GKN £83,880
Rolls Royce £139,075

Shares held directly and indirectly - figures above combined. Indirect investments through Cazenove UK Growth and Income Fund.

College does not have an ethical investment policy. Cazenove Socially Responsible Investment policy restricts investments in various industries including "avoidance of companies involved in the manufacture or sale of products or services for whole weapons systems, and strategic components of weapons systems where 5% or more of the company's turnover is related to military sales. This includes companies manufacturing military hardware and components essential to military systems. It does not include companies involved in manufacture of non-strategic components and services (e.g. engine parts)."

Total Assets Invested (all shares) £14.6m
Arms shares as % of total investments 2.3

Information refers to March 2008

Send an email to: Peter J Brindle, Bursar


Downing College

UK arms company shareholdings:
BAE Systems £85,870

Ethical investment policy excludes tobacco industry but not arms companies.

Total Assets Invested (all shares) £16.8m
Arms shares as % of total investments 0.5

Information refers to June 2008

To verify information, email: Catherine Scorah, Records Manager
To register concerns, email: Susan Lintott, Bursar


Emmanuel College

No direct shareholding in arms companies. Investments held in tracker funds and overseas equity markets; arms shares in these funds should be assumed, however no data held on the constituent holdings.

College does not have an ethical investment policy.

Total Assets Invested (all shares) £111.9m
Arms shares as % of total investments ?

Information refers to June 2008

Send an email to: Dr Michael J Gross, Bursar


Fitzwilliam College

College holds no arms company shares.

College follows Charity Commission's advice on ethical investment. Excludes investments in arms companies trading with terrorists or with countries that the UK does not permit trade with.

Total Assets Invested (all shares) £20m

Information refers to July 2006

Send an email to: C L Pratt, Bursar


Girton College

UK arms company shareholdings:
Cobham £318,450

Figures for direct investments only, indirect shareholdings managed by HSBC Investments. These may contain shares in arms companies.

Total Assets Invested (all shares) £38m
Arms shares as % of total investments 0.8

Information refers to June 2008

To verify information, email: FOI Officer
To register concerns, email: D Lowther, Bursar


Gonville & Caius College

College invests in a number of managed funds but has no information on the shareholdings. These may contain shares in arms companies.

Total Assets Invested (all shares) £127m
Arms shares as % of total investments ?

Information refers to June 2008

Send an email to: Julia Collins, Senior Bursar


Homerton College

College holds no arms company shares.

Total Assets Invested (all shares) £30m

Information refers to June 2008

Send an email to: Gale Bryan, Bursar


Hughes Hall

No investment information provided - investments managed by Cazenove.

College does not have an ethical investment policy. Cazenove Socially Responsible Investment policy restricts investments in various industries including "avoidance of companies involved in the maufacture or sale of products or services for whole weapons systems, and strategic components of weapons systems where 5% or more of the company's turnover is related to military sales. This includes companies manufacturing military hardware and components essential to military systems. It does not include companies involved in manufacture of non-strategic components and services (e.g. engine parts)."

Total Assets Invested (all shares) ?
Arms shares as % of total investments ?

Information refers to August 2006

Send an email to: N E Taylor, Bursar


Jesus College

College investments are managed by Partners Capital Investment Group as a pooled fund. No investment code has been implemented that excludes arms companies.

Total Assets Invested (all shares) £70m
Arms shares as % of total investments ?

Information refers to June 2008

To verify information, email: Susan Sneddon, Modern Records Manager
To register concerns, email: Stephen Barton, Senior Bursar


King's College

No investment details provided, investments held in tracker funds through Schroders fund managers

Total Assets Invested (all shares) £92m
Arms shares as % of total investments ?

Information refers to June 2008

To verify information, email: Dr Patricia McGuire, FOI Officer
To register concerns, email: Martin Reavley, First Bursar


Lucy Cavendish College

Has an ethical investment policy which excludes direct shareholding in arms companies, but investments also held in pooled funds. These may contain shares in arms companies.

Total Assets Invested (all shares) £9.5m
Arms shares as % of total investments ?

Information refers to June 2008

Send an email to: Karen Davies, FOI Officer
To register concerns, email: David Carter, Bursar


Magdalene College

UK arms company shareholdings: 
BAE Systems £177,000
GKN £89,200

Direct shareholdings provided, no information held about shareholdings of pooled funds. These may contain shares in arms companies.

Investment managers expected to avoid involvement in organisations clearly ignoring responsible standards in dealing with employees, environment and communities in which they operate. This does not exclude arms companies.

Total Assets Invested (all shares) £17.1m
Arms shares as % of total investments 1.6

Information refers to June 2008

Send an email to: Steven Morris, Senior Bursar


Murray Edwards College (formerly New Hall)

UK arms company shareholdings 
GKN £66,641
Rolls Royce £80,965

US arms company shareholdings: 
General Electric £129,243

Direct shareholdings provided, no information held about shareholdings of pooled funds. These may contain shares in arms companies.

Total Assets Invested (all shares) £42m
Arms shares as % of total investments 0.7

Information refers to July 2008

Send an email to: Nicholas Wright, Bursar


Newnham College

No shares held directly in arms companies. Investment portfolio contains tracker funds which may include them.

Total Assets Invested (all shares) £55m
Arms shares as % of total investments ?

Information refers to June 2008

Send an email to: Ian Du Quesnay, Bursar


Pembroke College

No shares held directly in arms companies. No information provided on shares held indirectly.

Total Assets Invested (all shares) £54m
Arms shares as % of total investments ?

Information refers to June 2008

Send an email to: Chris Blencowe, Bursar


Peterhouse

No direct arms company shareholdings. Investments held in Global and FTSE100 tracker funds, which will contain arms company shares.

Total Assets Invested (all shares) £110m
Arms shares as % of total investments ?

Information refers to June 2008

Send an email to: Richard Grigson, Senior Bursar


Queens' College

UK arms company shareholdings:
BAE Systems £468,116

Holding as part of endowment fund.

Total Assets Invested (all shares) £53.5m
Arms shares as % of total investments 0.9

Information refers to June 2008

To verify information, email: Freedom of Information Officer
To register concerns, email: Jonathan Spence, Senior Bursar


Robinson College

No arms company shareholdings.

College has a Socially Responsible Investment policy.

Total Assets Invested (all shares) ?
Arms shares as % of total investments 0

Information refers to August 2006

Send an email to: David Kerr, Senior Bursar


Selwyn College

No arms company shareholdings.

College holds no investments in tobacco, companies which produce torture devices or with a long record of selling weaponry to repressive regimes.

Total Assets Invested (all shares) £22m
Arms shares as % of total investments 0

Information refers to August 2006

Send an email to: Mr Nick Downer, Bursar


Sidney Sussex College

US arms company shareholdings:
General Electric £50,000

No direct shareholdings in arms companies. GE shares held as part of their investment in the North America Fund of the Barclay's Global Investors Index Selection

Total Assets Invested (all shares) £37m
Arms shares as % of total investments 0.13%

Information refers to June 2008

Send an email to: Nick Allen, Bursar


St. Catharine's College

No direct arms company shareholdings. Also invests in pooled funds but no information held about shareholdings. These may contain shares in arms companies.

College does not invest in tobacco or companies which derive more than 15% of their total income from sale of weapons or armaments.

Total Assets Invested (all shares) £32m
Arms shares as % of total investments ?

Information refers to August 2006

Send an email to: C M C Crawford, Senior Bursar


St. Edmund's College

No arms company shareholdings.

College does not have an ethical investment policy.

Total Assets Invested (all shares) £5m
Arms shares as % of total investments 0

Information refers to June 2008

Send an email to: Simon Mitton, Treasurer


St. John's College

UK arms company shareholdings:
GKN £3,824,000


US arms company shareholdings: General Electric £6,969

Total Assets Invested (all shares) £335.4m
Arms shares as % of total investments 0.1

Information refers to June 2008

Send an email to: Chris Ewbank, Senior Bursar


Trinity College

UK arms company shareholdings:
BAE Systems £2,196
Rolls Royce £6,599

US arms company shareholdings:
KBR £8
Northrup Grumman £12,520

Total Assets Invested (all shares) £859m
Arms shares as % of total investments 0.002

Information refers to June 2008

Send an email to: Rory Landman, Senior Bursar


Trinity Hall

UK arms company shareholdings:
Qinetiq £167,729
Rolls Royce £538,242
VT group £475,125

Shares held in the Trinity Hall endowment fund. Pension fund holdings held in USS or CCFPS portfolios.

Total Assets Invested (all shares) £84m
Arms shares as % of total investments 1.4

Information refers to June 2008

Send an email to: Paul Ffolkes Davis, Bursar


Wolfson College

UK arms company shareholdings:
Rolls-Royce £11,522

Total Assets Invested (all shares) £8.6m
Arms shares as % of total investments 0.13

Information refers to June 2008

Send an email to: Christopher Lawrence, Bursar

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Contact details

Email the CAAT Universities Co-ordinator or phone the office on 020 7281 0297.

Updated 3 Oct 2008
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Campaign Against Arms Trade, 11 Goodwin St, Finsbury Park, London N4 3HQ
Tel: +44 (0)20 7281 0297 | Fax: +44 (0)20 7281 4369