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Issue - meetings

Economic and Market Update and Investment Strategy and Manager Summary

Meeting: 04/09/2019 - Clwyd Pension Fund Committee - currently one vacancy for Denbighsire County Council (Item 29)

29 Economic and Market Update and Investment Strategy and Manager Summary pdf icon PDF 180 KB

To provide Committee Members with an economic and market update and performance of the Fund’s investment strategy and Fund Managers.

Additional documents:

Decision:

(a)          The Committee discussed and commented on the Market and Economic update for the quarter ended 30 June 2019, which effectively sets the scene for the Investment Strategy and Manager Performance summary; and

 

(b)          The Committee discussed and commented on the Investment Strategy and Manager Performance summary for the quarter ended 30 June 2019.

Minutes:

The report was noted with Mr Harkin highlighting that all of the information on page 249 is dated to the end of June 2019 however things have moved on since. Since then there has been increase in volatility within growth assets such as equities and commodities.

 

            Mr Harkin stated that it had been a strong quarter for investment returns resulting in over £90m appreciation of assets. He also confirmed that at 31 July 2019 the Fund tipped over £2bn in size.

 

RESOLVED:

 

(a)          The Committee discussed and commented on the Market and Economic update for the quarter ended 30 June 2019, which effectively sets the scene for the Investment Strategy and Manager Performance summary; and

 

(b)          The Committee discussed and commented on the Investment Strategy and Manager Performance summary for the quarter ended 30 June 2019.


 

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