Agenda item

Brunel Pension Partnership - Update on pooling

This report outlines the progress on pooling of assets with specific reference to the investment activities.

Minutes:

The Investment Manager presented the report.

 

She noted that Brunel now manages £1.4bn of the Fund’s assets. She reported that the Client Group had begun work with Brunel to define the fixed-income portfolios, which would include Avon’s Multi-asset Credit Portfolio, currently managed by Loomis Sayles. The next Oversight Board Meeting would take place on 19th March; an update would be provided at the next Committee meeting.

 

The Panel, 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 during the consideration of the exempt appendices to this item, 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.

 

The Panel returned to open session and RESOLVED:

 

1.  To note the progress made on the pooling of assets;

 

2.  To note the project plan for the transition of assets.

 

Supporting documents: