After consideration, the @SEEDgov delegation decided to vote “FOR” on this proposal at the Snapshot Vote.
Rationale
First, we would like to thank the committee for reviewing the applications in this second iteration. We also want to acknowledge the Program Manager’s openness to the feedback we provided regarding STEP 1 reporting.
For this round, we decided to follow the committee’s recommendation, noting that the selected options represent greater diversification compared to the current portfolio.
As feedback for future recommendations, it would be helpful to clearly indicate whether any of the selected options result in increased exposure to assets that are already part of the portfolio. For instance, as seen in the April report, exposure to Mountain implies a (substantial) increase in exposure to BlackRock:
This kind of information is relevant when approving a new allocation and should be easily accessible to delegates so they can make informed decisions.