Hewlett Foundation

Please see below my professor instructions!

Please summarize the asset allocation policy attached.

Pages to summarize: 7,8,9,10,11,12,13 which include the following topics:

-Investment process at the hewlett foundation

-Absolute-Return Portfolio

-The equitization and bodization proposal

-Sirius Investment

-The Decisions

PLEASE MAKE IT ONE PAGE OR ONE PAGE AND A HALF.

Double Spaced

Thank you!