Alternative Investments for Local Authority Treasurers: January 17th, 2013

Investment managers report steady MMF demand: An annual survey of investment managers has reported that demand for money market funds (MMFs) remains steady against a backdrop of global uncertainty that names Brexit as one of the[...] dlvr.it/RJHVt1 pic.twitter.com/qm0jHZtSxI

Brunel launches emerging markets sub-fund: LGPS pool Brunel Pension Partnership Limited has appointed three investment managers to run a newly-launched emerging markets sub-fund. Genesis Investment Management, Wellington Management and Investec Asset… dlvr.it/RJHVnv pic.twitter.com/g22UshJi9t

IFS: Some councils set to lose cash despite overall funding boost: Some councils may see a fall in funding next year, despite a government forecast that councils’ core spending power could increase by 4.3% in real terms in 2020-21 compared with[...] dlvr.it/RJGGzf pic.twitter.com/mKhMLm8NqK

CCLA launches ‘shareholder power’ initiative to tackle modern slavery: Investment manager CCLA has launched an initiative to use shareholder power to encourage companies to tackle the scourge of modern slavery. CCLA has joined with investor organisation… dlvr.it/RJ7Kyd pic.twitter.com/YGxYgmbbQj

Summit told regeneration skills investment is ‘core’ to councils’ functions: Councils must invest in attracting top rate regeneration professionals to secure the future of their areas, delegates to a Room 151 conference have been told. At the recent… dlvr.it/RJ6kxc pic.twitter.com/uRpLQ4Ru3F

Redbridge taps market for £75m with RPI-linked muni bond: The London Borough of Redbrige Council has raised £75m by issuing a bond which aims to beat the PWLB certainty rate by 118bps.The issuance comes just weeks after PWLB significantly[...] dlvr.it/RHtlQD

Breaking: Redbridge taps market for £75m with RPI-linked muni bond room151.co.uk/treasury/redbr… #localgov #bonds #funding @RedbridgeLive @TradeRisks

A great #LGPS event today with some great speakers. The ESG/diversity session with @RBC Habib Subjally and @JupiterAM_UK Abbie Llewelyn-Waters was one of the highlights. But there were many. Thanks to everyone. #localgov pic.twitter.com/1XG7HDHfiI

Thanks @1StephMcMah0n for a great presentation. Delighted to have you. #lgps. twitter.com/1stephmcmah0n/…

Advisor warns pension pools over sub-fund closure costs: The costs of closing sub-funds mean Local Government Pension Scheme pools must be extremely careful before launching them, delegates at a Room 151 pensions investment conference heard. John… dlvr.it/RHps1x pic.twitter.com/TYwf1WEPfI

Forest of Dean quits £50m retail deal: Plans by a Gloucestershire council to invest £50m in a retail development have been abandoned due to the rise in government lending rates. Forest of Dean District Council had been[...] dlvr.it/RHps10 pic.twitter.com/ZS5QJaLLsS

Ministers reject creation of new Audit Commission-style watchdog: The government has ruled out setting up a new Audit Commission-style watchdog to oversee scrutiny of council finance – seemingly irrespective of the findings of the Redmond review. A… dlvr.it/RHprvv pic.twitter.com/oeTE3qutS3

#LGPS CIOs panel with Richard J Tomlinson from @LPPpensions Mark Mansley from @BrunelPP and Jason Fletcher from @LgpsCentralLtd Brilliantly chaired by Aoifinn Devitt. pic.twitter.com/IfivrDbtDA