Agenda /

AGENDA for a meeting of theINVESTMENT SUB-COMMITTEE to be held at

DB Office, Building B, 23 Great Winchester Street, LondonEC2N2JA onFRIDAY 1 FEBRUARY 2013 AT10.00AM

MEMBERS OF THE SUB-COMMITTEE (5) - QUORUM 3

N K Brook, K F Emsall, D E Lloyd (Chairman), S Markiewicz, R G Parker

REPRESENTATIVES OF HERTFORDSHIRE DISTRICT / BOROUGH COUNCILS (1) (NON-VOTING)

J O Ranger

In attendance:

Nick SykesMercer

Tessa PageMercer

PART I (PUBLIC) AGENDA

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1. / DATES OF FUTURE MEETINGS
The Sub-Committee is invited to note dates for future meetings, as follows:
30 May 2013 at 10.00am

PART II (‘CLOSED’) AGENDA

EXCLUSION OF PRESS AND PUBLIC

The Chairman will move:-

“That under Section 100(A)(4) of the Local Government Act 1972, the press and public be excluded from the meeting for the following itemsof business on the grounds that they involve the likely disclosure of exempt information as defined in paragraph 3 of Part 1 of Schedule 12A to the said Act and the public interest in maintaining the exemption outweighs the public interest in disclosing the information.”

A briefing paper from Mercer Investment Consultants will be circulated separately (to follow).

2. / MINUTES
To confirm the minutes of the meeting held on 9 November 2012 (attached).
3. / PRESENTATION BY baillie gifford / 10.15am –
11.15am
4. / PRESENTATION BY GTP / 11.15am – 12.15pm
5. / MERCER PAPERS / 12.15pm – 12.30pm
6. / OLIVER KRATZ SESSION ON THE FOLLOWING: Commentary on market events over the last few years, where we are today and topics for consideration going forward; and discussion on evolution in emerging markets with a particular focus on bottom billion and indian ocean themes / 1.30pm – 2.30pm
7. / AOB / 2.30pm – 2.45pm

If you require further information about this meeting please contact Deborah Jeffery,

Legal and Member Services, on telephone no (01992) 555563 or e-mail deborah.jeffery@

For further information about the issues covered in these reports please contact

Patrick Towey on 01992 555148.

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