Agenda and minutes

An apology for absence was received from Councillor R A H McAuley.

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.

Councillor R J Phillips declared a personal interest in all items on the agenda as a member of the Upper Witham Internal Drainage Board and as a contributing member of the Pension Fund.

RESOLVED

That the minutes of the meeting held on 8 October 2015 be approved as a correct record and signed by the Chairman.

In accordance with Section 100 (A)(4) of the Local Government Act 1972,

agenda items 5, 6 and 7 have not been circulated to the press and public on

the grounds that they are 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

RESOLVED:

That in accordance with section 100(A) (4) of the Local Government Act 1972, the public and press be excluded from the meeting for the following item of business on the grounds that if they were present there could be a disclosure of exempt information as defined in paragraph 3 of Part 1 of Schedule 12A of the Local Government Act 1972, as amended.

Consideration was given to a report which introduced a presentation from Schroder Investment Management, who managed an active portfolio of Global Equities for the Fund.  The presentation provided details of the performance of the portfolio.

RESOLVED

That the report and presentation be noted.

Consideration was given to a report which introduced a presentation from Columbia Threadneedle, who managed an active portfolio of Global Equities for the Fund.

The presentation provided a summary of the portfolio's performance.

RESOLVED

That the report and presentation be noted.

The Committee considered a report which introduced a presentation from Neptune Investment Management who managed an active portfolio of Global Equities for the Fund.  The presentation provided a summary of the portfolio's performance.

Following a discussion, the Committee requested that a visit to the office of Neptune Investment Management be arranged in the New Year.

RESOLVED

That the report and presentation be noted.