Agenda and minutes

Venue: Committee Room One, County Offices, Newland, Lincoln LN1 1YL

Contact: Catherine Wilman  Democratic Services Officer

Items
No. Item

1.

Apologies for Absence

Minutes:

Apologies for absence were received from Councillors R D Butroid,
R H Woolley and Co-opted member, Mr Grant (Small Scheduled Body Representative).

2.

Declarations of Members' Interests

Minutes:

Councillor E W Strengiel declared a personal interest as a City of Lincoln Councillor.

 

Councillor A Spencer declared that he was a contributing member of the Fund as a Boston Borough Councillor.

 

Mr A N Antcliff, Employee Representative declared an interest as an employee of Lincolnshire County Council and a contributing member of the Pension Fund.

3.

Minutes of the meeting held on 8 March 2017 pdf icon PDF 116 KB

Minutes:

RESOLVED

 

That the minutes of the meeting held on 8 March 2017 be noted and signed by the Chairman as a correct record.

4.

Consideration of Exempt Information

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

 

 

Minutes:

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 items 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.

 

5.

Manager Presentation - Invesco

(To receive a report which introduces a presentation from Invesco Perpetual Asset Management, who manage the Global ex UK Equity Portfolio.  Representatives of Invesco will report on how the investments have performed)

 

Additional documents:

Minutes:

The Committee received a presentation from representatives of Invesco Perpetual Asset Management who managed the Global ex UK Equity Portfolio for the Fund.  The presentation outlined the performance of the portfolio over the year from May 2016 and the major factors that had influence that performance.

 

A range of questions were asked by Committee members to clarify various points and enhance their understanding.

 

RESOLVED

 

That the report be noted.

 

 

6.

Manager Presentation - Morgan Stanley Global Brands

(This report introduces a presentation from Morgan Stanley, who manage the Global Brands Fund, which forms part of the Fund's allocation to global equities)

 

Additional documents:

Minutes:

A presentation from representatives from Morgan Stanley who managed the Global Brands Fund was received which outlined performance over the medium term and provided details of that performance.

 

The Global Brands mandate was designed to deliver consistent results, and specifically to outperform when market returns were low.

 

RESOLVED

 

That the report be noted.

 

7.

Manager Presentation - Morgan Stanley Alternatives

(This report introduces a presentation from Morgan Stanley, who manage the Fund's allocation to alternative investments)

 

Additional documents:

Minutes:

The Committee received a presentation from Morgan Stanley who managed the Fund's allocation to alternative investments.  The presentation covered the performance of the fund over the year and how that performance had been achieved.

 

Members of the Committee sought certain clarification on certain points.

 

 

RESOLVED

 

That the report be noted.

 

 

 

 
 
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