Agenda item

The Investment Manager presented the report.

She said that transition remained on track. The creation of the Emerging Markets Equity portfolio was nearing transition. The Global High Alpha and DGF portfolios were making good progress. The Smaller Companies’ equity portfolio and the Global Sustainable Equities portfolio had been launched. Brunel and the Client Group were still developing their monitoring reports; a Brunel Quarterly Investment Report was included with the papers for the meeting of the Investment Panel on 2 September. Members of the Committee and of the Pension Board have been sent invitations to the Brunel client engagement days, which would be held on 12th, 13^th and 19^th November.  These would provide useful background for the Committee’s Investment Strategy workshop on 17^th December.

The Committee, having been satisfied that the public interest would be better served by not disclosing relevant information, RESOLVED that the public should be excluded from the meeting for the consideration of exempt appendices 2, 3 and 5 and that the reporting of this part of the meeting should be prevented, in accordance with the provisions of section 100(A)(4) of the Local Government Act 1972, because of the likely disclosure of exempt information as defined in paragraph 3 of Schedule 12A of the Act as amended.

After returning to open session the Committee RESOLVED to note:

1. the progress made on the pooling of assets;

2. the updated project plan for the transition of asset.