Investment Subcommittee Wednesday 30 May 2018 at 8.30am

Investment Subcommittee

30 May 2018 

Investment Subcommittee Agenda

Meeting to be held in the Whale Bay Room

36 Water Street, Whangārei

on Wednesday 30 May 2018, commencing at 8.30am

Recommendations contained in the agenda are NOT decisions of the meeting.
Please refer to minutes for resolutions.

MEMBERSHIP OF THE Investment Subcommittee

Cr John Bain (Chair)           Cr Bill Shepherd

Cr Penny Smart                   Mr Geoff Copstick

Item                                                                                                                                                                                   Page

1.0 apologies

2.0 declarations of conflicts of interest

3.0       Reports

3.1       Performance of council's externally managed funds to April 2018                                           3

Investment Subcommittee item: 3.1

30 May 2018

TITLE:	Performance of council's externally managed funds to April 2018
ID:	A1067373
From:	Simon Crabb, Finance Manager

Executive Summary

A summary of the returns and target objectives for the year to date period ending 30 April 2018 for each externally managed fund is presented below, with the supporting detail and fund performance for longer periods contained in Attachment 1.

Recommendation

That the report ‘Performance of council's externally managed funds to April 2018’ by Simon Crabb, Finance Manager and dated 17 May 2018, be received.

Background

Community Investment Fund (CIF)

At 30 April 2018, the CIF had a market value of $13.8M and had performed as follows:

Property Reinvestment Fund (PRF)

At 30 April 2018, the PRF had a market value of $21.9M and performed as follows:

Infrastructure Investment Fund (IIF)

At 30 April 2018, the IIF had a market value of $9.2M and performed as follows:

Short Term Investment Fund (STIF)

At 30 April 2018, the STIF (formerly the Working Capital Fund) had a market value of $1.4M and performed as follows:

Attachments

Attachment 1: Northland Regional Council Externally Managed Investment Funds - Eriksens Global Monthly Report to 30 April 2018 ⇩

Authorised by Group Manager

Name:	Dave Tams
Title:	Group Manager, Corporate Excellence
Date:	22 May 2018

Investment Subcommittee ITEM: 3.1

30 May 2018Attachment 1