As of 31 December 2015, our net assets were approximately $826 million, which is net of approximately $562 million already committed to grantees. Atlantic’s endowment consists of a diversified portfolio of absolute return strategies, private equity investments, real estate, and cash.*
* For accounting purposes, certain operating entities under United States generally accepted accounting principles (GAAP) must be recorded at cost. Atlantic, for investment purposes, re-values these entities at market value through an on-going monitoring process of its endowment assets.