Issue - meetings
Investment Strategy and Manager Summary
Meeting: 20/09/2017 - Clwyd Pension Fund Committee (Item 86)
86 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:
1. The Committee noted and discussed the investment strategy and manager performance over the quarter.
2. The Committee considered the information in the Economic and Market update report.
Minutes:
Mr Kershaw gave an update of the Fund’s investment strategy. As at 30 June the Fund’s value increased by £66.3m giving a market value of £1.742bn.
Mr Kershaw remarked that the Private Markets portfolio was the star performer over the quarter. He also commented that one of the Diversified Growth managers, Investec, had also performed well over the quarter.
Mr Latham stated that investment returns had outperformed both benchmarks and actuarial targets over the last three years, however, Mr Middleman gave a note of caution that investment markets are unlikely to keep going up.
RESOLVED:
1. The Committee noted and discussed the investment strategy and manager performance over the quarter.
2. The Committee considered the information in the Economic and Market update report.