Common Investment Fund and pension funds (FOI)

Request

Please confirm who the investment managers are and in which jurisdiction they are based for the following funds:

A

Common Investment Fund 

B

Government of Jersey employee pension funds

Response

The following is a summary of Managers of the Common Investment Fund and Public Employee Pension Fund, with whom assets were held as at 30th June 2021.

Please note, most investment managers have international offices with their investment teams spread over a number of jurisdictions, they also apply structuring arrangements which make use of tax efficient jurisdictions.

We have sought to identify where the substance of the organisation is deemed to be based, but this may differ from the legal structure of the organisation (for example, the investments with Blackrock and Threadneedle are held through Jersey Property Unit Trusts, but the substance of the investment manager is based in the UK.)

As it is not a Scheduled Public Authority the Public Employees Pension Fund (“PEPF”) is not subject to the Freedom of Information (Jersey) Law 2011. This has previously been confirmed in the following response:

Public Employees Pension Fund investments (FOI)

However, the Government of Jersey does hold the information requested for the PEPF following a recent enquiry from another source.

A

Managers of the Common Investment Fund (Including JTSF)

B

Managers of the Public Employee Pension Fund