IPS Governance Log

Decisions

Every material Ardenvale action — each tied to the IPS section that authorized it. The audit trail the next generation inherits.

Showing 2 decisions · Type: Buy
May 22, 2026
Buy
PLD — Prologis (1.5% initial)
IPS §4 — Investment Selection & Execution
$75,000 / 1.50% NAV
Rationale
Full diligence memo completed. PLD scores 48/50. Buy decision: 1.5% initial (~$75K), initiate now, add on any further 10% weakness. P/FFO 18x vs 22x historical mean; embedded rent spread optionality not priced. Fits public equity sleeve as real-asset bridge with liquid access.
Outcome / Status
Decision logged. Pending execution.
Linked Artifact
May 22, 2026
Buy
CSU.TO — Constellation Software (1.5% initial)
IPS §4 — Investment Selection & Execution
$75,000 / 1.50% NAV
Rationale
Full diligence memo completed. CSU.TO scores 50/50 on watchlist rubric. Buy decision: 1.5% initial position (~$75K) within 60 days on any pullback toward $3,400 CAD. Build to 4% max over 24 months. Anchors public equity sleeve with a compounder; reduces index-beta risk.
Outcome / Status
Decision logged. Pending execution within 60-day window.
Linked Artifact
Decisions YTD
10
decisions in 2026
IPS Amendment 4
Buy 2
Manager Hire 2
Allocation Change 1
Reporting 1
IPS Sections
§1 Purpose & Framework
§2 Objectives & Constraints
§3 Asset Allocation & Rebalance Rules
§4 Investment Selection & Execution
§5 Liquidity & Distribution Policy
§6 Manager Selection Criteria
§7 Risk Management & Monitoring
§8 ESG & Values Alignment
§9 Governance & Decisions Log