Purpose

This report gives an update on the implementation of the
Investment Strategy review that was agreed on 28 July 2023 by
Pension Committee.
 
 

Content

THAT Executive Director Corporate
Services agrees:

1.    
To execute phase 1 of the investment strategy review as set
out in section 2 (sell £92m from the Harris global equity
portfolio and top-up £84m in the Legal and General
index-linked gilts fund)

2.    
To execute phase 2 of the investment strategy once all
paperwork with the London CIV has been completed (sell £94m
invested in the Baillie Gifford global equity sub -fund and buy
£62m in the multi-asset credit sub-fund both managed by the
London CIV)

3.    
To delegate all matters concerned with the above to the
Director of Finance and Head of Treasury and Financial
Services.