Investment Strategy
To consider exempt information relating to agenda item 8.
Additional documents:
Minutes:
Colin Cartwright of Aon Hewitt reported back on the transfer of existing actively managed equity and bond investments from Capital and Fidelity to passive fund managers Legal & General and Blackrock. The majority of the assets had been moved in specie (this is where an asset is moved without the need to sell it and buy it back) minimising the cost of the transfer.
RESOLVED
That the report be noted.