The full agenda, reports and minutes of today's meeting of the Strathclyde Pension Fund Committee are now available.

The Committee approved 4 new investment proposals for the Strathclyde Direct Investment Portfolio:

  • £80m in the Pensions Infrastructure Platform in low risk UK operational infrastructure projects
  • £30m in Temporis Operating Renewable Energy Strategy LP ('Fund II") in UK based wind and solar projects post-construction and in the early stages of their operating life
  • £20m in Resonance British Wind Energy Income II LP ('Fund II") in small & medium sized operational, onshore wind farms in the UK
  • £30m in Tosca Debt Capital Fund II to provide secured loans to UK regional businesses in the lower mid-market

The Committee also approved a currency hedging strategy.

The Fund's total return for the quarter ending 30 June 2017 was +2.1% compared to the FTSE World index return of +0.5%.

The Fund's value as at 30 June 2017 was £20,057m.

The Fund's value as at 31 July 2017 was £20,092m.

One new employer has joined the Fund: City Building (Contracts) LLP.

One employer exit was confirmed during the quarter: Glasgow City Marketing Bureau.

Scheme membership increased over the quarter to 224,846 (95,555 employee members, 53,902 deferred and 75,389 pensioners).