Agenda and minutes

RESOLVED that the minutes relating to the unrestricted items of the meeting held on 8 February 2013 are correctly recorded and that they be signed by the Chairman.

RESOLVED that, under Section 100A of the Local Government Act 1972, the press and public be excluded from the meeting for the following business on the grounds that it involves the likely disclosure of exempt information as defined in Paragraph 3 of Part 1 of Schedule 12A of the Act.

RESOLVED that the minutes relating to the restricted items of the meeting held on 8 February 2013 are correctly recorded and that they be signed by the Chairman

- Justin Abercrombie, Head of QEP Investment Team and Geoff Day, Client Director were in attendance for this item)

Mr Abercrombie and Mr Day gave an update on the Schroders Global Value Investment Fund and answered Members questions.                                                                       

– Tony Cousins, Chief Executive Officer and Lars Nielsen, Product Specialist Pyrford International Ltd were in attendance for this item)

Mr Cousins and Mr Nielsen gave an update on the BMO Global Asset Management Fund and answered Members’ questions.

–  Paul Cannings, Director and Michael White, Investment Director, YFM Equity Partners were in attendance for this item)

(1) Mr Cannings and Mr White gave an update on the Chandos Fund and answered Members questions.

– report of the Chairman of the Superannuation Fund Committee and the Corporate Director of Finance and Procurement)

(1)                The report covered a range of issues relating to the management of the Fund.

(2)       RESOLVED that the report be noted

– Sangeeta Surana, Senior Accountant (investments), was in attendance for this item)

RESOLVED that the Fund Position Statement report be noted.

 – Report by the Chairman of the Superannuation Fund Committee and the Corporate Director: Finance and Procurement)

RESOLVED that the Committee

(1)          agree to the admission to the Kent County Council Pension Fund of Medway Norse Limited, and

(2)          agree that a Deed of Modification can be entered into in respect of Total Catering Solutions, and

(3)          agree that an admission agreement can be entered into with Tascor Services Limited, and

(4)          note that KCC is acting as guarantor for Commercial Services Kent Limited, and

(5)          agree that once legal agreements have been prepared for (1) to (3) above, the Kent County Council seal can be affixed to the legal documents.