The Committee now meets alongside the newly-formed Pension Board which held its latest quarterly meeting on 24 August.
The Committee approved strategic proposals including:
The Committee approved two new investments within the New Opportunities Portfolio:
The Committee considered a paper on fossil fuel divestment and agreed to re-state the Fund's commitment to active ownership and responsible investment.
The Fund's value as at 31 July 2015 was £15,531m down from £15,735 as at 30 April 2015.
The Fund's return for the quarter to 30 June 2015, a quarter in which the FTSE North American Index fell by 5.4%, was -2.0%.
As at 30 June 2015 when the fund's value was £15,391m the Fund's estimated funding level was 88.1%.
The committee noted a paper on recent developments that may impact the LGPS: