Issue details
Pension Fund Investment Performance Review for Quarter End 30 June 2015
This report informs Members of the performance
of the Fund and its investment managers for the quarter ending 30
June 2015.
For the quarter, the Fund underperformed the benchmark by -0.5%,
delivering a negative absolute return of -2.14% against benchmark
return of -1.9%.
The Fund is slightly ahead its benchmark for the last twelve months
to end of June 2015, the Fund returned 7.2%, and this exceeds the
benchmark by 0.2%.
For longer term performance the Fund posted three year returns of
10.7% ahead the benchmark return of 10% and posted five year
returns of 9.2% against benchmark return of 9.0%.
For this quarter end, four out of the eight mandates matched or
achieved returns above the benchmark. The Fund performance was
below the benchmark over the quarter, this was mainly due to poor
returns from Ruffer, Baillie Gifford (DGF), Investec and Schroder
Property Funds.
The Fund is still in line with its long term strategic equity asset
allocation and the distribution of the Fund’s assets amongst
the different asset classes is broadly in line with the strategic
benchmark weight.
Decision type: Non-key
Decision status: Recommendations Approved
Wards affected: (All Wards);
Open/Exempt: Open;
Decision due: 17 Sep 15 by Pensions Committee
Lead member: Cabinet Member for Resources and the Voluntary Sector
Lead director: Corporate Director, Resources
Department: Resources
Contact: Bola Tobun, (Investments and Treasury Manager, Resources) 0207 364 4733 Email: bola.tobun@towerhamlets.gov.uk.
Agenda items
- 17/09/2015 - Pensions Committee Pension Fund Investment Performance Review for Quarter End 30 June 2015 - Presented by Bola Tobun 17/09/2015
Documents
- Pension Fund Investment Performance Review for Quarter End 30 June 2015
- Investment performance review 30 June 2015 PDF 252 KB