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).