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L'înformâtion et les sèrvices publyis pouor I'Île dé Jèrri

Updated Investment Strategy (October 2014)

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A decision made on 17 October 2014:

Decision Reference:  MD-TR-2014-0125

Decision Summary Title:

Amendment to the SoJ Investment Strategies Document

Date of Decision Summary:

16 October 2014

Decision Summary Author:

Head of Treasury and Investment Management

Decision Summary:

Public or Exempt?

Public 

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

N/A

Written Report

Title:

Amendment to the SoJ Investment Strategies Document

Date of Written Report:

16 October 2014

Written Report Author:

Head of Treasury and Investment Management

Written Report :

Public or Exempt?

Public

Subject: Amendment to the States of Jersey Investment Strategies and presentation to the States.

Decision(s): The Assistant Minister approved the amended ‘States of Jersey Investment Strategies’ and decided to present the updated document for presentation to the States.

Reason(s) for decision: In compliance with Paragraph 3 of the Public Finances (Transitional Provisions) (No. 2) (Jersey) Regulations 2005, detailed investment strategies are maintained for all monies to which Paragraph 1 applies. These investment strategies include a strategic asset allocation detailing the allotment of monies across investment classes.

 

The Common Investment Fund (“CIF”) allows Funds access to various investment classes through investment ‘Pools’ in order to meet their respective strategies. The States of Jersey Investment Strategies also contain a strategy for each Pool.

 

In accordance with the Paragraph 4 of the same regulation, as soon as practical after the Minister has prepared the investment strategy, or any review of it, the Minister must present it to the States.

 

The States of Jersey Investment Strategies document has been updated to include a paragraph permitting short term movements away from Strategy under advice from the States of Jersey Investment Advisor for operational reasons. The full paragraph is included in the report to this decision.

 

The Assistant Minister will lodge the updated States of Jersey Investment Strategies for presentation to the States.

Resource Implications: None.

Action required:  Greffier of the States is requested to present the attached report to the States Treasury and Investment Management Team to ensure changes are implemented.

Signature:

 

 

 

Position: Deputy E J Noel, Assistant Minister for Treasury and Resources

Date Signed:

 

Date of Decision:

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