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States of Jersey: Investment Strategies: Amendment

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A decision made 24 November 2015:

Decision Reference:  MD-TR-2015-0126

Decision Summary Title:

Amendment to the States of Jersey Investment Strategies Document

Date of Decision Summary:

23 November 2015

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 States of Jersey Investment Strategies Document

Date of Written Report:

23 November 2015

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 Minister approved the amended ‘States of Jersey Investment Strategies’ document and decided to present the updated document to the States.

 

In line with the advice of the States of Jersey Investment Advisor and the recommendation of the Treasury Advisory Panel (‘TAP’), a Hedge Fund pool is to be established within the Common Investment Fund. Participants have made commitments to the Pools and their investment strategies have been reviewed and updated to reflect this allocation.

 

Full details of the investment strategies have been included in the written report.

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 within the ‘States of Jersey Investment Strategies’. These investment strategies include a strategic asset allocation detailing the allotment of monies across investment classes.

 

Paragraph 4 of the same Regulations, states that 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.

Resource Implications:

There are no financial or manpower implications.

Action required:

The Greffier of the States is requested to arrange for the attached report to be presented to the States. The Treasury and Investment Management Team will ensure changes are implemented.

Signature:

 

Position: Senator A J H Maclean,

Minister for Treasury and Resources

 

Date Signed:

Date of Decision:

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