Under the guidance of the Local Pension
Committee, the Subcommittee has responsibility for appointing and monitoring
the performance of Fund Managers, increasing pro-activity in investment
decision-making and to make timely decisions in response to, or anticipating,
market activity. (These responsibilities
are also exercised by the Committee.)
Membership consists
of 3 County Councillors (the Chairman and Vice-Chairman of the Committee plus
one other Committee member); 1 member representing Leicester City Council; 1
member representing the district councils; the member representing De Montfort/Loughborough
Universities and 1 employee representative (non-voting).