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)

Aoifinn Devitt, a new independent advisor to the Pension Fund, was welcomed to the meeting.

The Committee received a report from the Investment Panel setting out the work of the Panel from its meeting held on 26 March 2015, and giving market context for the second quarter.

The Committee's attention was specifically drawn to the following key areas considered by the Panel:

•  The Investment and Market Context in which the Fund is operating

•  Annual Property Manager Review

•  Infrastructure Strategy Paper

•  Further Credit Allocations

•  Liability Management

•  Investment Panel Work-plan

Resolved: - That the report, now presented, be noted.