States of Jersey Investment Strategy Document: Amendment

Information about the publication of Ministerial Decisions

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A decision made on 26 June 2014:

Decision Reference: MD-TR-2014-0059
Decision Summary Title:	Amendment to the States of Jersey Investment Strategy Document		Date of Decision Summary:	16 June 2014
Decision Summary Author:	Head of Treasury and Investment Management		Decision Summary: Public or Exempt?	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	N/A
Written Report Title:	Amendment to the States of Jersey Investment Strategy Document		Date of Written Report:	16 June 2014
Written Report Author:	Head of Treasury and Investment Management		Written Report : Public or Exempt?	Public
Subject: The amendment to the States of Jersey Investment Strategy and presentation to the States.
Decision(s): The Minister approved the amendment to States of Jersey Investment Strategy and agreed to present it to the States.
Reason(s) for decision: Regulation 3 of the Public Finances (Transitional Provisions) (No.2) (Jersey) Regulations 2005 charges the Minister to develop and to invest in accordance with the investment strategy. Regulation 4(1) states the, as soon as practical after the Minister has prepared the investment strategy, or any review of it, the Minister must present it to the States. The Common Investment Fund (“CIF”) allows Funds to access the various investment classes through investment ‘Pools’ in order to meet their respective strategies. The States of Jersey Investment Strategy also contains a strategy for each Pool. The States of Jersey Investment Strategy document has been updated to include the following: An investment strategy for the Housing Development Fund; this strategy serves to manage the proceeds from the recent bond issuance to balance the need for preservation of capital value of the fund which reflects the undrawn monies allocated to the Social Housing projects.
Resource Implications: There are no additional resource implications from this decision. The changes to strategy will be administered as part of the ongoing responsibilities within the Treasury Management Team.
Action required: The Greffier of the States to arrange for the presentation of the attached amendment to the States of Jersey Investment Strategy to the States at the earliest opportunity.
Signature:		Position: Senator P. F.C. Ozouf, Minister for Treasury and Resources
Date Signed:		Date of Decision: