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 Head of Fund informed the meeting that the Investment Panel had undertaken a detailed review of the Strategic Asset Allocations and performance benchmarks in the Investment Strategy Statement and recommended some minor amendments. With regard to Infrastructure it was noted that the recommended range increase was 5.0%.

Resolved: That the following changes to the Strategic Asset Allocations within the Investment Strategy Statement are approved and implemented with effect from the 1^st January 2018.

2.5% reduction in Private Equity.

2.5% increase in Infrastructure (5% increase in the top range).

1% decrease in Alternative Credit.

1% increase in Cash.