Agenda and minutes
PDF 140 KBVenue: Staffordshire Room, County Buildings, Stafford. View directions
Contact: Julie Plant Email: julie.plant@staffordshire.gov.uk
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Declarations of Interest Minutes: There were no declarations of interest on this occasion.
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Minutes of the meeting held on 4 March 2013 Minutes: RESOLVED – That the minutes of the meeting held on 4 March 2013 be confirmed and signed by the Chairman.
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Pension Fund Performance and Portfolio of Investments as at 31 March 2013 Report of the Director of Finance and Resources Additional documents: Minutes: The Director of Finance and Resources submitted a summary of the performance of the Pension Fund together with a portfolio of the Fund’s investments as at 31 March 2013. He reported on the positive performance by equities over the majority of the quarters in 2012/13 which had produced a return of 13.8%, almost 1% above benchmark, and a pleasing return given a number of events world wide which had affected global markets. The current value of the Fund was £3.1billion.
RESOLVED – That the Pension Fund performance and portfolio of investments for the year ended 31 March 2013 be noted.
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Dates of Future Meetings 15July 2013 (Managers’ Day) 10 September 2013 3 December 2013
All meetings are scheduled to start at 9.30am at County Buildings, Stafford Minutes: 15 July 2013 (Managers’ Day) 10 September 2013 3 December 2013 4 March 2014
All meetings to be held at County Buildings, Stafford commencing at 9.30am.
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Exclusion of the Public The Chairman to move:-
‘That the public be excluded from the meeting for the following items of business which involve the likely disclosure of exempt information as defined in the paragraphs of Part 1 of Schedule 12A of the Local Government Act 1972 (as amended) indicated below’. Minutes: RESOLVED - That the public be excluded from the meeting for the following items of business which involve the likely disclosure of exempt information as defined in Paragraph 3 of Part One of Schedule 12A of the Local Government Act 1972 (as amended) indicated below.
The Panel then proceeded to consider reports on the following issues:
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Exempt Minutes of the Meeting held on 4 and 5 March 2013 (exemption paragraph 3) |
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Private Equity - Review of Position as at 31 March 2013 (exemption paragraph 3) Report of the Director of Finance and Resources |
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Strategic Benchmark Review and Monitoring (exemption paragraph 3) |
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Economic and Market Update Presentation by Hymans Robertson
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Review of Position as at 31 March 2013 Report of the Director of Finance and Resources
(Report of Record Currency Management for the month ended 31 March 2013 enclosed for information)
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Pension Fund Performance and Manager Monitoring for the quarter ended 31 March 2013 (exemption paragraph 3) (Report of Portfolio Evaluation for the quarter ended 31 March 2013 enclosed for information) |
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Corporate Governance and Socially Responsible Investment 2012/13 (exemption paragraph 3) Report of the Director of Finance and Resources. |
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Property (exemption paragraph 3) |
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Confirmation of action of the Director of Finance and Resources in relation to Property (exemption paragraph 3) Report of the Director of Finance and Resources. |
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Property Investments Presentation and Report of Colliers Capital.
(Report for the quarter ending 31 March 2013 and Strategy Report for the three years commencing 1 April 2013 enclosed for information) |
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Manager Presentation - Standard Life Investments Limited - UK Equity Portfolio (exemption paragraph 3) To receive a presentation from Standard Life Investments on the Fund’s UK Equity Portfolio.
(Report of Standard Life Investments for the quarter ended 31 March 2013 enclosed for information). |