Issue - meetings

PENSION FUND PERFORMANCE FOR THE QUARTER ENDED SEPTEMBER 2020

Meeting: 12/01/2021 - Pensions Committee (Item 188)

188 PENSION FUND PERFORMANCE FOR THE QUARTER ENDED SEPTEMBER 2020 pdf icon PDF 472 KB

Report and appendices attached (appendices B and C not available to press or public).

Additional documents:

Minutes:

The report presented to the Committee provided members with an overview of the fund investment performance and manager monitoring for the quarter ending 30 September 2020.

Members of the Committee noted that the Fund had grown in value by 2.74%, to £795.83m, with a disinvestment of £40.5million taken into account. The Committee:

1)    Considered Hymans Market Background and Strategic Overview and Manager Performance Report (Appendix A)

2)    Considered Hymans Performance Report and views (Appendix B Exempt)

3)    Received presentation from the London CIV for the Multi Asset, UK Equities funds and Absolute Return fund on the LCIV platform (Appendix C – Exempt)

4)    Considered the quarterly reports sent electronically, provided by each investment manager.

5)    Noted the analysis of the cash balances