Agenda and minutes

Financial Investment Board - Monday, 10th December, 2012 1.45 pm

Venue: Committee Rooms - West Wing, Guildhall

Contact: Natasha Dogra
tel. no.: 020 7332 1434  Email: natasha.dogra@cityoflondon.gov.uk

Items
No. Item

Part 1 - Public Agenda

1.

Apologies

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

Minutes:

Apologies were received from Mr Simon Duckworth and Mr Jeremy Mayhew.

 ...  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:

There were no declarations.

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

3.

Minutes of the previous meeting pdf icon PDF 127 KB

To agree the public minutes and non-public summary of the meeting held on 1 November 2012.

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

Minutes:

 

RESOLVED: That the public minutes and non-public summary of the meeting held on 1 November 2012 be agreed as an accurate record.

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

4.

Election to the Social Investment Board

 

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

Minutes:

 

RESOLVED: Deputy Edward Lord volunteered and was elected to take up a position on the Social Investment Board.

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

5.

Questions on matters relating to the work of the Committee

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

Minutes:

There were no questions.

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

6.

Any Other Business that the Chairman considers urgent

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

Minutes:

There was no other business.

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

7.

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 7.

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.                                                                    Exempt Paragraphs

 

Paragraph(s) in Schedule 12A

8 – 14

                              3

 

 

 

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

Part 2 - Non-Public Agenda

8.

Non-public minutes of the previous meeting

To agree the non-public minutes and of the meeting held on 1 November 2012.

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

Minutes:

 

RESOLVED: That the non-public minutes of the meeting held on 01 November 2012 be agreed as an accurate record.

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

9.

Investments Performance Monitoring to 30 September 2012

Report of the Chamberlain.

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

Minutes:

The Chamberlain reported on the investment performances of the Pension Fund, City’s Cash and Bridge House Estates portfolios and of the various Investment Managers, based on total return figures produced by WM Performance Services.

 

RECEIVED

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

10.

Securities Investments - Strategy Review; Equalities Mandates

Report of the Chamberlain.

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

Minutes:

The Chamberlain reported the previously agreed key principles adopted for the investment strategy and manager structure review which were based on Member surveys and modelling from the City’s independent investment advisers, Aon Hewitt.

 

RECEIVED

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

11.

Investment Manager and Product Evaluations

Report of Aon Hewitt.

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

Minutes:

 

RESOLVED: The Board noted Aon Hewitt’s evaluations of Investment Managers and Products.

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

12.

Equities Managers - Style Analysis

Report of Aon Hewitt.

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

Minutes:

 

RESOLVED: The Board noted Aon Hewitt’s style analysis of Equities Managers.

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

13.

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

 

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

Minutes:

One non-public question was raised.

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

14.

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 14.

Minutes:

There was one item of additional business.   

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