Issue - meetings
Investment Strategy and Manager Summary
Meeting: 29/11/2017 - Clwyd Pension Fund Committee (Item 97)
97 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 this in light of the Economic and Market update report.
Minutes:
Mr Buckland highlighted the positive investment returns over the period to 30 September 2017 and the longer term. Over all periods shown all have been above expectations in the funding assumption which is positive and contributed to the improved funding positon.
There was mixed performance across the managers and those that did not meet their target on page 155 (highlighted in red). It was noted that some of the managers shown would move under the pooling structure in 2018.
The Chairman stated that the market values have made an increase (over £1.75 billion at the end of September). The Chairman asked if the figures for October are available yet. Mr Buckland confirmed that the figures are available. He confirmed that they have continued to rise and are close to £1.8 billion. Mr Middleman noted that as of close yesterday now likely to have passed the £1.8bn level.
RESOLVED:
1. The Committee noted and discussed the investment strategy and manager performance over the quarter.
2. The Committee considered this in light of the Economic and Market update report.