Decision details

The report provided an update on the progress of the implementation of the Investment Strategy as outlined at the June Pensions Committee meeting.

The Committee:

1.         Noted the progress report as prepared by the Fund’s Investment Advisor.

2.         Noted that the implementation of the multi-asset credit allocation will be undertaken through the London Collective Investment Vehicle (LCIV) as suitable products are developed.

3.         Agreed that a search for a private debt manager will be undertaken in collaboration with other London Boroughs.

4.         Agreed that a search for a real asset strategy will be undertaken in conjunction with Newham, noting that this will allow Havering to provide input on the scope of the search and ensure that its requirements can be met.