Issue - meetings
Investment Strategy and Manager Summary
Meeting: 16/02/2017 - Clwyd Pension Fund Committee (Item 60)
60 Investment Strategy and Manager Summary 
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To update Committee Members on the performance
of the Fund’s investment strategy and Fund Managers
Additional documents:
Decision:
Committee noted and discussed the investment and strategy manager performance.
Minutes:
Mr Harkin presented a report on the performance of both the Fund’s investment strategy and investment managers over the quarter to 31 December 2016. A “light touch” strategy review was completed in conjunction with the actuarial valuation.
Key additional points covered were:
· The strongest performance element came from the In House assets, equities and the Best Ideas portfolio.
· At the current time there are no concerns with any of the Fund’s investment managers.
Cllr Bateman asked if it was possible to continue to live with a lower interest rate environment. Mr Harkin and Mr Middleman both noted this depended on what happened with inflation. A sustained period of low interest rates/returns and high inflation would impact materially on funding positions and costs for employers. This cannot be ruled out in the current fiscal environment and supports the need for a robust risk management framework and well diversified asset portfolio.
RESOLVED
(a) Committee noted and discussed the investment and strategy manager performance.