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Item 4 - Update on Global Equity Search, Selection & Appointment (CIV13/12)

Summary    

The CIV Investment Team, working alongside the Global Equity Sub-Group (drawn from local authority colleagues of the Investment Advisory Committee (IAC)) has been progressing with the global equity procurement. In total some 57 clarification meetings were held with prospective fund managers, covering nine global equity strategies. A final preferred list will be discussed with the IAC and the Joint Committee. In addition, London Funds have been completing a survey to assess their current requirements in the global equity space, in order to decide which sub-funds should be opened first. 

Recommendations    

The committee is recommended to:
i.    Note the contents of this report