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PENSION
FUND COMMITTEE – 25 NOVEMBER 2005
ADDENDA
Item 3 – Minutes
Minute 50/05
WM Performance Services Presentation on the Pension Fund’s Investment
Performance for the Twelve Months Ended 31 March 2005
Paragraph
1, amend the final sentence as shown in italic:
She
also reported that on page 9 of the booklet, the portfolio returns
for Baillie Gifford were incorrect and should read "14.7" for the
12 months ending 31 March 2005 and "17.5" for the period commencing 30
September 2003 to 31 March 2005, producing relative returns against
the benchmark of –0.9 and +0.1 for the respective periods.
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