The Hackney Council Pensions Committee convened to discuss strategic asset allocation, preceded by a decision to exclude the press and public from a portion of the meeting due to the confidential nature of the information to be discussed. The committee approved recommendations related to both the exclusion of the press and public and the strategic asset allocation workshop.

Exclusion of Press and Public

The committee resolved to exclude the press and public from the proceedings during consideration of an exempt item on the agenda. This decision was made because the discussion was expected to involve the disclosure of exempt information as defined in paragraph 3 of Part 1 of Schedule 12A of the Local Government Act 1972. This section of the Act defines categories of information that can be kept private, such as information relating to financial or business affairs.

Workshop for Strategic Asset Allocation

The committee convened a workshop to discuss strategic asset allocation. The minutes state that the workshop was delivered in a private session. Strategic asset allocation is a process of deciding how to distribute investments among different asset classes to achieve specific financial goals, while considering risk tolerance and investment time horizon¹.