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Hunter Blackburn implemented the student graduate endowment scheme introduced in 2001.
But the leaked files suggest that in 2014 the Oxford endowment scheme invested $40m in a US-managed private equity fund based in the Cayman Islands.
The abolition of tuition fees would commence in August 2000 with the endowment scheme taking their place the following year.
The Cubie report recommended that tuition fees should be replaced with an endowment scheme with the Scottish Executive paying the fees up front with students only required to pay back £3,000 worth of fees when their earnings reached £25,000.
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Moreover, donations are mostly too small and irregular to support long-term endowment schemes or big capital projects.
Like other colleges, its portfolio was now in the hands of the university's main endowment management scheme, OUEM.
There will be limited money for capital investment and there will be no money for large Catalyst endowment grants, a scheme intended to encourage philanthropy.
Closed foundation in 2008 after losing $1 billion endowment to Ponzi scheme.
Each member, who may become part of the committee by invitation, pays £10,000 to sit on the body, money that then supports the acquisition budget of each committee, which is otherwise drawn from sources including Tate's government grant-in-aid, its endowment, and its Friends' scheme.
Last December Picower Foundation shut down after losing its $1 billion endowment in the Ponzi scheme; charity had given millions to MIT, Human Rights First and the New York Public Library.
Actuaries are specialists in assessing the financial risks on the longest investment horizons, playing a key role in advising pension schemes and endowment funds.
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