Agendas, Meetings and Minutes - Agenda and minutes

Agenda and 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 24 November 2021 (previously circulated).

140.

Apologies/Named Substitutes (Agenda item 1)

Minutes:

An apology was received from Jane Evans.

 

Emmanuel Thomas substituted for Jane Evans.

141.

Declaration of Interests (Agenda item 2)

Minutes:

None.

142.

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 2 March 2022).  Enquiries about this can be made through the telephone number/e-mail address listed in this agenda and on the website.

 

Minutes:

None.

143.

Confirmation of Minutes (Agenda item 4)

To confirm the Minutes of the meeting held on 24 November 2021 (previously circulated).

Minutes:

RESOLVED that the Minutes of the meeting held on 24 November 2021 be confirmed as a correct record and signed by the Chairman.

144.

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 5 – 9 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.)

145.

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 attached to the report as Appendix 1 together with the associated investment performance information attached as Appendix 2 be noted.

146.

LGPS Central Global Active Emerging Markets & LGPS Central Global Active Investment Grade Bond performance to the end of December 2021 (Agenda item 7)

Additional documents:

Minutes:

The Sub-Committee considered the LGPS Central Global Active Emerging Markets & LGPS Central Global Active Investment Grade Bond performance to the end of December 2021.

 

The Sub-Committee received a presentation from Elizabeth Bebb, Anne-Marie Patterson and Jakril Hoque from LGPS Central.

 

RESOLVED that the LGPS Central Global Active Emerging Market and LGPS Central Global Active Investment Grade Bond Investment Performance to December 2021 be noted.

147.

Hermes Infrastructure Fund I and II Performance and Strategy Update (Agenda item 8)

Additional documents:

Minutes:

The Sub-Committee considered the Hermes Infrastructure Fund I and II Performance and Strategy Update.

 

The Sub-Committee received a presentation from Perry Noble, James Wardlaw and Emma Howell of Hermes..

 

RESOLVED that the Hermes Infrastructure Fund I and II performance and strategy update as at the end of December 2021 be noted.

148.

Strategic Asset Allocation update as of the 31 December 2021 (Agenda item 9)

Minutes:

The Sub-Committee considered the Strategic Asset Allocation update as of the 31 December 2021.

 

RESOLVED that the Fund’s Strategic Asset Allocation update be noted.