Prof Arif Satria Talked About Optimizing Investment Management at IPB University

The Business, Investment and Waqf Management Agency (BP Biswaf) IPB University held a Sharing Session entitled Optimizing Institutional Investment Management at IPB International Convention Center, Bogor (3/4). The Rector of IPB University, Prof Arif Satria explained the optimization of investment management at IPB University.

"IPB University has one business entity unit, namely BP Biswaf which carries out the function of implementing activities related to income generating," said Prof Arif who was present online via Zoom.

He revealed that the funds provided by the government for universities were decreasing. According to him, this is an opportunity for institutions to be creative in finding various sources of income.

"We have to be creative in making IPB University innovations starting from products, services and assets into something of high economic value. Regarding assets, there are regulations because the status belongs to state land. Therefore, we must collaborate with the private sector to maximize their potential," he explained.

Prof Arif Satria added, IPB University has many opportunities to take advantage of innovation for business fulfilment. This is because currently IPB University already has patents for more than 800 innovations with a commercialization rate of up to 35 percent.

"We have an opportunity to open the Botanical Veranda to Arab countries. This is a new breakthrough for exporting IPB University's innovative products. Not many universities can generate such income from educational activities. However, I am sure we can do this through technological innovation products and various assets that we have," he said.

Prof Arif Satria explained, the capital that IPB University has, among other things, is tangible and intangible. Tangibles are in the form of assets, while intangibles can be in the form of expertise or patents so that both must be utilized to the fullest. "Our expertise must also play at the global level, because we will take advantage of the innovation assets we have as a large source of income," said Prof. Arif continued.

"We have assets in Jonggol, Pelabuhan Ratu and other field stations so we can immediately make a master plan so we can work on what business potential will be generated from our assets. In terms of capital, we have to expand to become bigger so that we need synergy and collaboration with State-Owned Enterprises (BUMN) and the private sector," he said.

Deputy Director for Fixed Income of the Employment Social Security Administration Agency (BPJS), Nugroho Agung Tristianto, MM explained the things that must be considered in optimizing investment, including guidelines or regulations or good governance and investment policies. "In addition, institutions must develop a kind of Strategic Asset Allocation (SAA) and Tactical Asset Allocation (TAA) with specific targets," he added.

In addition, present member of the Executive Board of the Hajj Financial Management Agency (BPKH), Dr. Indra Gunawan, explained about sukuk as proof of ownership of equal value to the underlying assets. (dr/Rz) (IAAS/BLA)