The Committee approved the following strategic investment proposals:
The Committee approved one new investment within the Direct Investment Portfolio:
This takes total commitments by this portfolio to £639m. The Annual Monitoring Report gives full details.
The Committee also approved:
The Fund's value as at 30 April 2016 was £16,014m.
The Fund's return for the quarter to 31 March 2016 was +2.4%. The FTSE All Share returned -0.4% over the quarter.
As at 31 March 2016 the Fund's value was £16,018m, and the estimated funding level was 86.1%.
The Fund is working with Trucost to "carbon footprint" listed equity portfolios, and will use the analysis to inform recommendations around addressing its exposure to climate change risks.