MULTI ASSET CREDIT
The report recommends a multi asset credit portfolio to replace the Fund’s current investment grade credit assets with Legal & General (passive mandate) and the active managed mandate with Western.
Additional documents:
Minutes:
Declarations of interest:
None.
Key points during the discussion:
1. The Strategic Finance Manager (Pension Fund and Treasury) introduced the report. The committee asked a number of questions which were responded to by the officers present, before moving to the recommendation.
Actions/Further information to be provided:
Board to meet five or six multi asset credit managers in July 2015 (Action review ref: A9/15).
RESOLVED:
That the report be NOTED.
Committee next steps:
None.
The Board adjourned for lunch from 12.40pm to 1.15pm. Stuart Selleck gave his apologies for absence from the afternoon session.