The Investment Committee meeting scheduled for Monday 18 May 2026 was set to cover a range of financial and operational matters. Key discussions were anticipated regarding the City's treasury management, risk registers, and potential investment opportunities, including options for the UK Growth Fund.

Order of the Court

The committee was scheduled to receive the Order of the Court of Common Council dated 23 April 2026 for information. This document outlines the decisions and directives from a higher council body, providing context for the committee's work.

Treasury Management Update

A report from the Chamberlain was scheduled to provide an update on the City of London Corporation's treasury management portfolio as at 31 March 2026. This would detail the current asset allocation of the short-term investment portfolio and its performance. The report indicated that the treasury management investment portfolio had a market value of £920.6m, a decrease from the previous reporting period. The report also noted that the Consumer Prices Index (CPI) had risen to 3.3% in the 12 months to March 2026, and the Bank of England's Monetary Policy Committee had held the interest rate at 3.75%. Investment returns across the Corporation's assets allocated in short-term money market instruments were described as robust throughout 2025/26.

Risk Register Update

A joint report from the Chamberlain and the City Surveyor was scheduled to provide an update on the risk register for the Investment Committee. This report aimed to inform members of the management of risks relevant to the committee's oversight. Since the previous review in December 2025, the risk rating for External Economic Risk had been increased to 16 (Red) from 12 (Amber), reflecting an increased likelihood of the risk from possible to likely due to ongoing geopolitical tensions. The report also highlighted an increase in the impact score for Investment Performance Strategy Risk from serious to major, increasing its risk score from 6 (Amber) to 12 (Amber).

UK Growth Fund Options

The committee was scheduled to consider options for the UK Growth Fund, as detailed in a report from the Chamberlain. This item was designated for decision, indicating that the committee would be expected to make a determination on the presented options.

City Fund and City's Estate Cashflow and Capital Realisation

A joint report from the Chamberlain and the City Surveyor was to provide a quarterly update on the cashflow and capital realisation strategy within the City's Estate and City Fund. This would offer insight into the financial movements and strategies for realising capital assets.

City Fund and City's Estate: Investment Property Monitoring

The City Surveyor was scheduled to present a six-monthly report on the monitoring of investment properties within the City Fund and City's Estate. This report would likely cover performance, valuations, and any significant developments related to the property portfolio.

City Fund Disposal - Project Shield 1 and 2

Two reports from the City Surveyor concerning the disposal of assets within the City Fund, identified as Project Shield 1 and Project Shield 2, were scheduled for decision. These items would likely involve discussions and decisions regarding the sale of specific investment properties.

Delegations Request

A report from the City Surveyor was scheduled for decision regarding a delegation request. This typically involves seeking approval for specific authorities to proceed with certain actions or transactions before the next scheduled committee meeting.