Pensions Fund Annual Report 2011-12 , item 18. PDF 4 MB

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I n v e s t m e n t r e p o r t Investment report Largest direct property holdings Market value on Location Use 31 March 2012 Bridge Street, Dover Foodstore £17,700,000 Killingbeck Retail Park, Leeds Retail £17,650,000 16 Upper Woburn Place, London WC1 Office £17,400,000 Burwood House, London SW1 Office £16,150,000 Hayes Road, Hayes Retail £12,750,000 How much of the investments each manager looks after (by market value on 31 March 2012) 1.2% 3.5% 1.0% Schroder Various private Director of Finance 1.2% Investment equity managers and Resources 9.9% Morgan Stanley Investment Management Management (private equity) (centrally held) Standard Life (alternatives) (alternatives) Investments (UK equity) 0.9% Financial Risk Management (hedge funds) 1.1% Goldman Sachs Asset Management (hedge funds) 30.4% State Street 1.9% Global Advisors Pictet Asset Management (global index (emerging markets equity) tracking) 2.3% Russell Investments equity)DRAFT (emerging markets equity) 8.8% (property)DRAFT Colliers International UK (property) 6.9% equity)DRAFT Sarasin & Partners (global equity) DRAFT 6.9%DRAFT 8.8%DRAFT 2.3%DRAFT 3.8% Longview Partners 10.0% (global equity) DRAFT£17,400,000 DRAFT17,400,000 Insight Investment 7.0% (UK Government JP Morgan Asset conventional and 2.6% 7.5% Management index-linked bonds) Legal & General Aberdeen Asset Investment Management (global equity) Managers (UK Government indexlinked (global equity) bonds) 12
I n v e s t m e n t r e p o r t Investment performance The graph below compares the fund return over the past 10 years against inflation, via the Retail Prices Index and Average Weekly Earnings. It can be clearly seen that the fund has performed well over the past decade versus inflation and earnings. The value of all three measures, 10 years prior to the end of 2011/2012, have been rebased to 100 and the graph shows the performance of each measure on 31 March of each year since. 180.0 170.0 160.0 150.0 140.0 130.0 120.0 110.0 100.0 90.0 80.0 70.0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Average Weekly Earnings Retail Prices Index Fund return DRAFT174.8 DRAFT138.1 DRAFT138.0 DRAFT 13
Page 1 and 2: Staffordshire Pension Fund Annual r
Page 3 and 4: Contents 2 3 9 18 27 53 55 Chairman
Page 5 and 6: F u n d m a n a g e m e n t Governa
Page 7 and 8: 7 F u n d m a n a g e m e n t Pensi
Page 9 and 10: F u n d m a n a g e m e n t Adminis
Page 11 and 12: I n v e s t m e n t r e p o r t DRA
Page 13: I n v e s t m e n t r e p o r t DRA
Page 17 and 18: I n v e s t m e n t r e p o r t Inv
Page 19 and 20: I n v e s t m e n t r e p o r t Cur
Page 21 and 22: F u n d m e m b e r s h i p Benefit
Page 23 and 24: F u n d m e m b e r s h i p aT New
Page 25 and 26: F u n d m e m b e r s h i p Benchma
Page 27 and 28: F u n d m e m b e r s h i p Custome
Page 29 and 30: Financial statements Staffordshire
Page 31 and 32: F i n a n c i a l s t a t e m e n t
Page 35 and 36: notesDRAFT DRAFT Assumptions The as
Page 37 and 38: Financial statements F i n a n c i
Page 55 and 56: G l o s s a r y Glossary of terms A
Page 57 and 58: C o n t a c t s If you have any que

Pensions Fund Annual Report 2011-12 , item 18. PDF 4 MB

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