What are the expenses of running the LTIP?

The Ohio State University and LTIP team are focused on operating in an efficient and cost-effective manner.  Total investment oversight costs have been below 0.1% or 10 basis points of the LTIP in every year for the last five years.  Per Cambridge Associates, an industry consultant that works with endowments and foundations across the US, The Ohio State University’s investment oversight costs are in the bottom decile of all endowments and foundations (i.e. 90% of peer organizations spend more than OSU as a percentage of their LTIP on investment oversight).  In addition, all performance return information published by OSU is net of all investment manager fees and investment oversight costs.