Agenda and minutes

Apologies were received from Councillors R J Phillips, Mrs S Rawlins, and A H Turner MBE JP.

Councillor M G Allan requested that a note be made in the minutes that he was currently a contributing member of the Pension Fund as a North Kesteven District Councillor and as a County Councillor.

Mr A Antcliff requested that a note be made in the minutes that he was currently a contributing member of the Pension Fund as an employee of Lincolnshire County Council.

In accordance with Section 100(A)(4) of the Local Government Act 1972, the following agenda item has not been circulated to the press and public on the grounds that it is considered to contain exempt information as defined in Paragraph 3 of Schedule 12A of the Local Government Act 1972, as amended.  The press and public may be excluded from the meeting for the consideration of this item of business.

Consideration was given to a report which introduced a presentation from F&C, who managed the Fund's allocation to absolute return bonds.

RESOLVED

1.                 That the report be noted;

2.                 That Officers update the Committee to evidence that the Committee's concerns have been addressed by F&C.

The Committee considered a report which introduced a presentation by Morgan Stanley Alternative Investment Partners, who managed the Fund's allocation to alternative investments.

RESOLVED: That the report be noted.

Consideration was given to a report which introduced a presentation from Morgan Stanley, who managed the Global Brands Fund which formed part of the Fund's allocation to global equities.

RESOLVED:

That the report be noted.