Agenda item

Consideration was given to the report of the Corporate Director, Resources which gave an overview of the performance of the Fund to 30 September 2013 (for copy see file of Minutes).

The report gave details of the Managers’ performance against their benchmarks for the quarter, the year to date and since inception of the Fund.

Don McLure, Corporate Director, Resources updated Members in relation to the recent issues around the Fund’s custodian and advised that JP Morgan had been invited to the next meeting of the Committee to provide an update on their role and to assure Members in relation to foreign currency hedging.

Resolved:

That the information given be noted.