Agenda and minutes

Financial Investment Board - Wednesday, 9th September, 2015 1.45 pm

Venue: Committee Rooms - West Wing, Guildhall

Contact: Philippa Sewell
tel. no.: 020 7332 1426  Email: philippa.sewell@cityoflondon.gov.uk

Items
No. Item

1.

Apologies

 ...  view the full agenda text for item 1.

Minutes:

Apologies had been received from Clare James and Philip Woodhouse.

 

The Chairman welcomed James de Sausmarez to his first Board meeting.

 ...  view the full minutes text for item 1.

2.

Members' Declarations under the Code of Conduct in respect of items on the agenda

 

 ...  view the full agenda text for item 2.

Minutes:

Deputy Henry Pollard declared an interest by virtue of his employment at Invesco.

 ...  view the full minutes text for item 2.

3.

Minutes of the previous meeting pdf icon PDF 180 KB

To agree the public minutes and non-public summary of the meeting held on 2 July 2015.

 ...  view the full agenda text for item 3.

Minutes:

RESOLVED - That the public minutes and non-public summary of the meeting held on 2 July 2015 be agreed as a correct record.

 ...  view the full minutes text for item 3.

4.

Outstanding Actions pdf icon PDF 62 KB

Report of the Town Clerk.

 ...  view the full agenda text for item 4.

Minutes:

RESOLVED – That the report be noted, subject to item 4 being split into two separate actions – Review of Investment Strategy for the Charities Pool and Hampstead Heath, and a Review of Fees.

 ...  view the full minutes text for item 4.

5.

Monthly Investment Analysis Review pdf icon PDF 189 KB

Report of the Chamberlain.

 ...  view the full agenda text for item 5.

Minutes:

The Board received the monthly review for May 2015, which detailed the list of current investments. The Corporate Treasurer advised that there had been a number of redemptions, and that the Investment List would be extended to include funds from Santander and Aberdeen via the Chamberlain’s delegated authority.

 

RESOLVED – That the report be noted.

 ...  view the full minutes text for item 5.

6.

Questions on matters relating to the work of the Committee

 ...  view the full agenda text for item 6.

Minutes:

There were no questions.

 ...  view the full minutes text for item 6.

7.

Any Other Business that the Chairman considers urgent

 ...  view the full agenda text for item 7.

Minutes:

There was no other business.

 ...  view the full minutes text for item 7.

8.

Exclusion of the Public

MOTION - That under Section 100(A) of the Local Government Act 1972, the public be excluded from the meeting for the following items on the grounds that they involve the likely disclosure of exempt information as defined in Part I of the Schedule 12A of the Local Government Act.

 ...  view the full agenda text for item 8.

Minutes:

RESOLVED - That under Section 100(A) of the Local Government Act 1972, the public be excluded from the meeting for the following items on the grounds that they involve the likely disclosure of exempt information as defined in Part I of the Schedule 12A of the Local Government Act.

 

Item No.                     

 

Paragraph(s) in Schedule 12A

9-14

                            3

15-16

                            -

 

 ...  view the full minutes text for item 8.

9.

Non-public minutes of the previous meeting

To agree the non-public minutes of the meeting held on 2 July 2015.

 ...  view the full agenda text for item 9.

Minutes:

RESOLVED - That the non-public minutes of the meeting held on 2 July 2015 be agreed as a correct record.

 ...  view the full minutes text for item 9.

10.

Investments Performance Monitoring to 30 June 2015

Report of the Chamberlain.

 ...  view the full agenda text for item 10.

Minutes:

The Board received a report of the Chamberlain.

 ...  view the full minutes text for item 10.

11.

Q2 2015 Strategic Investment Report

Report of Aon Hewitt.

 ...  view the full agenda text for item 11.

Minutes:

The Board received a report of Aon Hewitt.

 

 ...  view the full minutes text for item 11.

12.

Private Equity Manager Selection

Report of Aon Hewitt.

 ...  view the full agenda text for item 12.

Minutes:

The Board received a report of Aon Hewitt.

 ...  view the full minutes text for item 12.

13.

Global Equity

Verbal update of the Chamberlain.

 ...  view the full agenda text for item 13.

Minutes:

The Board received a verbal update of the Chamberlain.

 ...  view the full minutes text for item 13.

14.

Investment Consultants

Verbal update of the Chamberlain.

 ...  view the full agenda text for item 14.

Minutes:

The Board received a verbal update of the Chamberlain.

 ...  view the full minutes text for item 14.

15.

Non-public questions on matters relating to the work of the Committee

 

 ...  view the full agenda text for item 15.

Minutes:

There were no non-public questions.

 ...  view the full minutes text for item 15.

16.

Any Other Business that the Chairman considers urgent and which the Committee agree should be considered whilst the public are excluded

 

 ...  view the full agenda text for item 16.

Minutes:

There was no other business.

 ...  view the full minutes text for item 16.