Hounslow Pension Fund's assets have reached £1.4 billion as of June 2025, marking a 3.0% increase from March 2025 and a 4.6% rise since June 2024, according to a quarterly overview presented at the Pension Fund Panel meeting on Tuesday. The fund's performance and management were key topics.
The net assets of the fund were valued at £1,404.9m at the end of June, compared to £1,364.0m at the end of March and £1,343.0m in June 2024. The Quarterly Overview and General Matters report highlighted these figures, noting a strong performance in investment valuation.
 for June 2023, June 2024, and June 2025.
As part of its strategic asset allocation, in May 2025, the Fund fully terminated the Fidelity Multi-Asset Income mandate. This decision, approved by the Pension Fund Panel in December 2023, was implemented as a phased withdrawal to facilitate reinvestment into products offered through the London CIV (LCIV). The remaining £39.3m was temporarily invested in the LCIV Short-Dated Bond Fund (£27m), with the residual held in cash, pending future commitments to the LCIV Private Debt II and LCIV Renewable Infrastructure mandates. While the Quarterly Overview and General Matters report does not specify a timeline for deploying the £39.3m currently held in the LCIV Short-Dated Bond Fund and cash, it is earmarked for these future commitments.
The Quarterly Overview and General Matters report also provides the asset allocation as of March 31, 2025, and the changes from the pre-valuation Strategic Asset Allocation (SAA). For example, the allocation to UK Equities decreased from 31.0% to 10.0%, while Overseas Equities increased from 28.0% to 40.0%. The report includes a table showing the Fund Asset Allocation relative to the Strategic Weight as of 31 March 2025 and 30 June 2025.
The next meeting of the Pension Fund Panel is scheduled for 1 December 2025.
