How we currently invest
The University’s cash and cash equivalents and investment holdings totalled £483m as of 31 March 2026. This is made up of:
- Operating Fund cash and cash equivalents holdings at £148m. These are used for short-term operational spend.
- Liquidity portfolio holdings at £147m. These are used for operational spend for up to a year.
- Mid-Term Investment Portfolio at £49m, these funds are used for capital investment aligned to the University's capital plan.
- Long-Term Investment Portfolio at £139m, which includes endowments. The returns generated by endowment investments are used to fund activities across the University, aligned to our charitable objectives.
We publish information about our investment portfolios to help explain how University funds are managed. This includes portfolio values, asset allocation and fund-level investment data.
For responsible investment information, including policy alignment, ESG screening, stewardship and engagement activity, see our Annual Responsible Investment Update.
View the figures
View the figures
The following charts depict the University’s investment funds’ asset allocation, as of 31 March 2026.
View detailed investment portfolio data (Excel - 43Kb)
Long-Term Fund
Chart 1 shows the split of the University’s Long-Term Portfolio between asset classes, as at 31 March 2026. The chart shows the total portfolio value at £139m, as at 31 March 2026.
Long-Term Fund
Chart 2 shows the split of the University’s Long-Term Portfolio between external investment managers and fund categories, as at 31 March 2026.
Cash and Cash Equivalents Holdings
Chart 3 shows the University's cash and cash equivalents split between liquidity funds, a bank term deposit and cash holdings, as at 31 March 2026. The chart shows the total value of the University's cash and cash equivalents at £295m, as at 31 March 2026.
Why we use pooled funds
Why we use pooled funds
The University mainly invests through pooled funds. These funds combine money from many investors and use it to buy a range of assets, such as shares, bonds, property or infrastructure.
Pooled funds can help spread investment risk and provide access to specialist investment areas that may not be practical to invest in directly.
The University oversees this approach through the OCIO, Responsible Investment Policy requirements, ESG screening, monitoring and reporting.
Information about University investments
Information about University investments
The University’s website is the source of approved information about the University’s investments. Information reported elsewhere may be unverified, inaccurate or out of date.
For current portfolio information, see our detailed investment portfolio data. For responsible investment information, see our Annual Responsible Investment Update.
Where does the money come from for investments?
Where does the money come from for investments?
We do not invest income from student tuition fees in stocks or shares in our Long-Term Investment Portfolio.
Student tuition fee income is held in shorter-term portfolios, including the Mid-Term Portfolio, used for capital spend such as buildings and green spaces, and the Liquidity Portfolio, used for operational running costs.
Money invested in our Long-Term Investment Portfolio mainly comes from endowments — for example, money donated by a benefactor. This money is invested for the long term to support the University’s charitable objectives.
Who does the University bank with?
Who does the University bank with?
Our main bankers are Lloyds Bank.
We also bank with HSBC UAE for our Dubai campus operations.