IC Mtg Minutes 3 August 2017
Inv -2017 -Mtg -03 1
G avi Alliance Investment Committee Meeting
3 August 201 7
1. Chair?s report
1.1 Finding a quorum of members present, the meeting commenced at 14.05 Geneva
time on 3 August 201 7. Stephen Zinser , Investment Committ ee Chair, chaired the
1.2 Standing declarations of interest were tabled to the Committee (Doc 01a ).
1.3 The Committee reviewed the minutes of its meeting on 2 May 2017 (Doc 01b ),
which were approved by no -objection on 12 June 201 7.
1.4 The Committee noted its Action sheet (Doc 01c) and suggested that any input on
the forward work plan (Doc 01d) should be provided through email .
2. Manager presentation
2.1 The representatives of trend following investment management firm delivered an
informational report on the ir firm ?s history, its senior management team, the
investment strategy, portfolio implementation and the opportunity set generally for
trend following strategies (Doc 02).
2.2 The Committee sought information from the representatives , including
performance, breadth and depth of various market exposures , the diversification
of returns, and how the fund differentiat es itself from its competitors . At the
presentation?s conclusion, the representatives left the meeting and the Committee
discussed the presentation.
3. Investment portfolio review
3.1 Jeanne Shen, Chief Investment Officer, reported to the Committee on the
investment portfolio, including strategy review, an overview of the major exposures
in the short - and long -term portfolios, contribution to mission, fixed income
allocation, key characteristics of each portfolio exposure, asset allocation ranges
and performance of the total portfolio , as well as individual managers (Doc 03 ).
3.2 While reviewing the quarter, Ms Shen noted that the portfolio benefited from strong
performance in emerging markets, both in equity and debt markets .