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

The meeting was held remotely using MS Teams.

Draft results of the Fund's 2020 actuarial valuation showed a funding level of 106%.

The Committee approved a further  £280m of investment from the Strathclyde Direct Investment Portfolio:

  • £50m in the Quinbrook Renewables Impact Fund
  • £30m in the Man GPM RI Community Housing Fund
  • £50m in Dalmore Capital Fund 4
  • £50m in Dalmore SPF Co-investment Fund
  • £100m in the Clydebuilt II Fund which will invest exclusively in commercial property in the Strathclyde area.

Having considered Audit Scotland's Annual Audit Report, the Committee approved the Fund's 2019/20 Annual Report and Accounts for signature and publication.

The Committee approved the appointments of:

  •  Northern Trust as Global Custodian and
  • GES International/ Sustainalytics to provide responsible investment engagement services.