Decision Maker: Clwyd Pension Fund Committee - currently one vacancy for Denbighsire County Council
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
(a) The updated funding position (currently on assumptions consistent with the 2016 valuation) and hedging position for the Fund and the progress being made on the various elements of the Risk Management Framework was noted.
(b) The impact of the equity protection strategy was noted.
(c) The Committee noted that any currency risk associated with the market value of the synthetic equity portfolio with the Flightpath strategy is hedged, and a further hedge has been placed on the Fund’s developed market physical equity holding.
Report author: Janet Kelly
Publication date: 03/03/2020
Date of decision: 28/11/2019