RETIREMENT BOARD OF ADMINISTRATION

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

REGULAR MEETING AGENDA  

 

NOVEMBER 10, 2010 - 10:00 A.M.

 
       ROOM 1555-H, 111 NORTH HOPE STREET, LOS ANGELES, CA 90012

 

A meeting of the Retirement Board will be held on November 10, 2010, convening at 10:00 a.m. or soon thereafter if quorum is present.

                                                                                                             

As a covered entity under Title II of the Americans with Disabilities Act, the City of Los Angeles does not discriminate on the basis of disability and, upon request, will provide reasonable accommodation to ensure equal access to its programs, services, and activities.  To ensure availability, such request should be made 72 hours in advance by contacting the Retirement Office at (213) 367-1712 during business hours.

 

At the beginning of the meeting, the Board will provide an opportunity for members of the public to address it on items of interest that are within the subject matter jurisdiction of the Board. Thereafter, the Board will consider and take action on the Regular Agenda items. Members of the public may also request to speak on any agenda item.  The meeting is recorded.

 


 

PUBLIC COMMENTS

 

CONSENT

(Approval of routine, non-controversial items; action is taken on the whole Consent Agenda and is treated as a separate vote on each item.) 

Reso

Item

Description of Agenda Item

      Page

 

 

  1.

Request for Approval of October 13, Regular Meeting Minutes

 

1.1 – 1.8

 

RECEIVED AND FILED         (Items of Interest to the Board on which no action is taken)

 

  2.

Report on Organizational Changes at Capital Dynamics

2.1 – 2.4

REGULAR              (Items for discussion and action by the Board)

 

 

3.

Presentation by Pension Consulting Alliance – Asset Liability Study Options

 

3

 

4.

Presentation by Courtland Partners, Ltd.  – Second Quarter 2010 Real Estate Portfolio Performance

 

4

 

5.

Presentation by Aetos Alternative Management, LLC - Hedge Fund of Funds Annual  Performance Review

5

11-36

6.

Discussion of Proxy Vote Notification from Aetos Alternatives Management, LLC; and Possible Action

6.1 – 6.6

11-37

7.

Discussion of Investment Opportunity in EnCap Energy Capital Fund VIII, L.P.; and Possible Action

7.1 – 7.33

11-38

8.

Ratification of the Board’s Action with Respect to the Temporary Investment of Funds; Discussion and Possible Action

 

8.1 – 8.2

11-39

9.

Discussion of Proposed Change to the Plan’s Investment Policy with Respect to Fixed Income Investments; and Possible Action

 

9.1 – 9.10

 

10.

CLOSED SESSION PURSUANT TO GOVERNMENT SECTION CODE SECTION 54956.9(c), the Board of Administration will convene in closed session to consider initiating civil litigation

 

10

REPORTS FOR REFERENCE

 

 

 11.

a)  Summary of Investment Returns as of September 30, 2010

b)  Market Value of Investments by Fund and Month as of September 30, 2010

c)  Market Value of the Retirement, Death, and Disability Funds and Retiree       Health Care Fund as of September 30, 2010

 

11a.1 – 11a.7

11b.1 – 11b.3

11c.1 – 11c.2

RETIREMENT PLAN MANAGER’S COMMENTS

 

 

12.

 

12

 

 

 

 

FUTURE AGENDA ITEMS

 

 

13.

 

12

 

 

 

 

 

 


 

In compliance with Government Code Section 54957.5, non-exempt writings that are distributed to a majority or all of the Board or applicable Committee of the Board, in advance of their meetings, may be viewed at the offices of the Water and Power Employees’ Retirement Plan (WPERP), located at 111 North Hope Street, Room 357, Los Angeles, California 90012, or at the scheduled meeting.

 


 

 

 

 

Posted on November 5, 2010, at 8:30 a.m.