Universities - clean investments

Universities: Greater London

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.


Birkbeck, University of London

Investments held in various tracker funds. No information provided on whether these funds include arms companies.

Total Assets Invested (all shares) £13m
Arms shares as % of total investments ?

Information refers to June 2008

To verify information, email: Katharine Bock, FOI Officer
To register concerns, email: Peter Westley, Director of Finance


Brunel University

No arms company shareholdings. This university does not invest in equities.

Total Assets Invested (all shares) £9m

Information refers to June 2006.

To verify information, email: Mary Liddell, Information Access Officer
To register concerns, email: Tony Holloway, Director of Finance


City University

No direct arms company shareholdings. This university only holds shares indirectly. These pooled/tracker funds include BGI Sterling Liquidity Funds (£45.275m) and BGI ChariTrak UK Equity Accumulation Fund (£3.269m)- which may contain arms companies.

Total Assets Invested (all shares) £41m
Arms shares as % of total investments ?

Information refers to June 2006.

To verify information, email: Andrew Kinglake, Head of Information Compliance (0207 040 4000)
To register concerns, email: Patrick O'Donnell, Director of Finance


Courtauld Institute of Art, University of London

Funds invested in various tracker funds. No information provided whether these include arms companies.

Information refers to 2005.

Send an email to: Terry Hefford, Director of Finance


Goldsmiths, University of London

UK arms company shareholdings: 
GKN £633

US arms company shareholdings: 
General Electric £1,450

Shares held through COIF, a charitable investment fund. COIF's ethical investment policy means it 'aims to avoid companies whose main business is armaments'. The University is in the process of updating its ethical investment policy in time for the start of the new (2008) academic year.

Total Assets Invested (all shares) £906,957
Arms shares as % of total investments 0.23

Information refers to July 2008

Send an email to: Godwin To, Treasury Accountant


Greenwich University

No arms company shareholdings.

Total Assets Invested (all shares) £50m

Information refers to July 2006.

Send an email to: Reginald Daly, Director of Finance


Imperial College, University of London

No shares held directly in arms companies. Half the university's investments are held in a UK equity fund - these contain various tracker funds (UK FTSE All Share Index Tracker, M&G Charifund, etc) which will include arms companies.

Total Assets Invested (all shares) £210m
Arms shares as % of total investments ?

Information refers to May 2008

To verify information, email: Martin Thomson, Freedom of Information Officer
To register concerns, email: Andrew Murphy, Director of Finance


King's College, University of London (KCL)

UK arms company shareholdings: 
GKN £16,983

Total Assets Invested (all shares) £110m
Arms shares as % of total investments 0.02

Information refers to June 2008.

To verify information, email: James Allison, Legal Compliance Officer
To register concerns, email: Steve Ryland, Director of Finance


Kingston University

No arms company shareholdings.

Total Assets Invested (all shares) 0

Information refers to June 2006.

Send an email to: Lesley Diston, Deputy Financial Controller


London Metropolitan University

No direct arms company shareholdings. Undisclosed pooled/tracker funds, some in Managed Portfolio Fund with New Star Asset Management, may contain arms companies.

Total Assets Invested (all shares) £3m


Arms shares as % of total investments ?

Information refers to June 2006.

To verify information, email: John McParland, FOI Officer
To register concerns, email: Pam Nelson, Director of Finance


London School of Economics and Political Science

No direct arms company shareholdings. Undisclosed pooled/tracker funds, the College invests £16m of endowed donations in BGI Caritrak UK Equity Index Fund which may contain arms companies.

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

Information refers to June 2006.

To verify information, email: Rachael Maguire, Records Manager
To register concerns, email: Mike Ferguson, Director of Finance Division


London South Bank University

No direct arms company shareholdings. Undisclosed pooled/tracker funds, HSBC managed funds: the Common Fund for Growth and the Common Fund for Income. Confirmed investment in BAE and possibly for other UK quoted companies listed.

Total Assets Invested (all shares) £655k
Arms shares as % of total investments ?

Information refers to June 2006.

To verify information, email: Kate Kwafo-Akoto, Director of Archives, Records and Information Access.
To register concerns, email: Richard Flatman, Financial Director


Middlesex University

No arms company shareholdings.

Total Assets Invested (all shares) 0

Information refers to August 2006.

Send an email to: David Woodcock, Financial Controller


Queen Mary, University of London

UK arms company shareholdings: 
GKN £142,000
Cobham £25,620

Shares held as part of endowment fund.

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

Information refers to March 2005

Send an email to: Fiona Mulholland, Head of Financial Accounting


Royal Veterinary College, University of London

UK arms company shareholdings: 
BAE Systems £94,189

US arms company shareholdings: 
General Electric £15,898

Shares held indirectly via pooled funds managed by BLK UK Dynamic and BLK Overseas. College investments are exclusively covered by such pooled funds, therefore no arms company shares held directly.

Total Assets Invested (all shares) £7.5m
Arms shares as % of total investments 1.5

Information refers to December 2007

To verify information, email: Simon Jackson, FOI Officer
Director of Finance


School of Oriental and African Studies (SOAS), University of London

No direct arms company shareholdings. Undisclosed pooled/tracker funds, may contain arms companies.

Total Assets Invested (all shares) £22m

The University is in the process of writing an Ethical Investment Policy.

Information refers to March 2006

To verify information, email: Peter Garrod, Data Management Officer
To register concerns, email: Graeme Appleby, Director of Finance


School of Pharmacy, University of London

No arms company shareholdings.

Total Assets Invested (all shares) £174k

Information refers to April 2005

Send an email to: Julian C. Axe, Clerk to the Council


St. George's, University of London

BAE Systems £25,200
Rolls Royce £10,980
GKN £5,760
VT Group £3,240
QinetiQ £8,100

Shares held indirectly through Cazenove Capital.

Total Assets Invested (all shares) £4m
Arms shares as % of total investments 1.3

Information refers to July 2006

To verify information, email: John Duffy, Director of Administration
To register concerns, email: Mark Bery, Finance Director


Thames Valley University

No arms company shareholdings.

Total Assets Invested (all shares) £400k

Information refers to July 2006

Send an email to: Frances Turko, Deputy University Secretary


University of Roehampton

No arms company shareholdings.

Total Assets Invested (all shares) £38k

Information refers to July 2006

To verify information, email: Tony Haworth, Corporate Information Manager


University College, University of London (UCL)

Cobham £869,825

Total Assets Invested (all shares) £92.3m
Arms shares as % of total investments 0.9

Information refers to June 2008

To verify information, email: David Booth, Interim Records Manager
To register concerns, email: Alison Woodhams, Finance Director


Westminster University

No arms company shareholdings.

Total Assets Invested (all shares) £1m

Information refers to July 2008

To verify information, email: Simon Lock, Records Manager
To register concerns, email: Phil Harding, Finance Director

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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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