Agendas, Meetings and Minutes - Agenda and draft minutes

Agenda and draft minutes

Venue: Online only

Contact: Simon Lewis  Committee Officer

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Items
No. Item

Available papers

The members had before them:

 

A.    The Agenda papers (previously circulated); and

 

B.    The Minutes of the meeting held on 11 June 2020 (previously circulated).

60.

Named Substitutes (Agenda item 1)

Minutes:

None.

61.

Apologies/ Declaration of Interests (Agenda item 2)

Minutes:

An apology was received from Mr L C R Mallett.

62.

Public Participation (Agenda item 3)

Members of the public wishing to take part should notify the Assistant Director for Legal and Governance in writing or by e-mail indicating both the nature and content of their proposed participation no later than 9.00am on the working day before the meeting (in this case, 15 September 2020).  Enquiries about this can be made through the telephone number/e-mail address listed below.

 

Minutes:

None.

63.

Confirmation of Minutes (Agenda item 4)

To confirm the Minutes of the meeting held on 11 June 2020 (previously circulated).

Minutes:

RESOLVED that the Minutes of the meeting held on 11 June 2020 be confirmed as a correct record and signed by the Chairman.

64.

Exclusion of Public and Press (Agenda item 5)

The Sub-Committee will be asked to exclude the press and public from the meeting for the following items as it is likely that exempt information relating to the financial or business affairs of any particular person (including the local authority holding that information) will be disclosed.

 

Minutes:

RESOLVED that pursuant to Section 100A of the Local Government Act 1972, the press and public shall be excluded from the meeting during items 6 – 8 on the grounds that there would be disclosure to them of information relating to the financial or business affairs of any particular person (including the authority holding the information) and the public interest in maintaining the exemption outweighs the public interest in disclosing the information.

 

Summary of the proceedings of the meeting during which the press and public were excluded. (This is a fair summary of the proceedings.)

65.

Pensions Independent Investment Advisor Update (Agenda item 6)

Additional documents:

Minutes:

The Sub-Committee considered the Pensions Independent Investment Advisor update together with the associated investment performance information.

 

The Sub-Committee received a presentation from Philip Hebson, Independent Advisor to the Fund.

 

RESOLVED that the Pensions Independent Investment Advisor’s update together with the associated investment performance information be noted.

66.

Bridgepoint European Direct Lending Worcestershire Pension Fund Performance Review (Agenda item 7)

Additional documents:

Minutes:

The Sub-Committee considered the Bridgepoint European Direct Lending Worcestershire Pension Fund Performance Review.

 

The Sub-Committee received a presentation from Paul Johnson, Nakul Sarin and Sarah Carr, representatives of Bridgepoint European Direct.

 

RESOLVED that the Bridgepoint European Direct Lending Manager Quarterly review as at the end of June 2020 be noted.

 

67.

LGPS Central Global Active Emerging Markets and Global Active Investment Grade Corporate Bond performance to the end of June 2020 (Agenda item 8)

Additional documents:

Minutes:

The Sub-Committee considered the LGPS Central Global Active Emerging Markets and Global Active Investment Grade Corporate Bond performance to the end of June 2020.

 

The Sub-Committee received a presentation from Mark Davies, Gordon Ross and Elizabeth Bebb representatives of LGPS Central.

 

RESOLVED: that

 

a)    The LGPS Central Global Active Emerging Market Investments Performance to June 2020 be noted; and

 

b)   The LGPS Global Active Investment Grade Corporate Bond performance to the end of June 2020 be noted.