Decision details

(Exempt information as defined in Paragraph 3 of Part 1 of Schedule 12A to the Local Government Act, 1972. It was considered that in all the circumstances of the case the public interest in maintaining the exemption outweighed the public interest in disclosing the information).

The Committee considered a report from the Investment Panel setting out the work of the Panel since the last meeting of the Committee. The Committee's attention was specifically drawn to the following key areas:

-  The context for the Panel's work including the impact of Brexit; fixed income and currencies; the economic backdrop in China; and recent developments in oil prices;

-  The continuing strong performance of the Fund;

-  The future format of Investment Panel meetings.

Resolved: - That:

(i)  The report, now presented, be noted;

(ii)  The independent advisors, the investment team and all involved in the strong performance of the Fund, be thanked.