RETIREMENT BOARD OF ADMINISTRATION

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

REGULAR MEETING AGENDA

 

SEPTEMBER 14, 2011 – 9:00 A.M.

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

 


 

A meeting of the Retirement Board will be held on September 14, 2011, convening at 9:00 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.


 

 


 

Reso  Item

                                         Description of Agenda Item

Page

 

PUBLIC COMMENTS

 

CONSENT (Approval of routine, non-controversial items; action taken on entire Consent Agenda and treated as

                         separate vote on each)

 

 

1.

Request for Approval of Minutes for the August 10, 2011, Regular Meeting

 

1.1 – 1.4

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

 

2.

Report on Organizational Change at Oaktree Capital Management, LLP

 

2.1 – 2.2

 

3.

Staff Report on Due Diligence Site Visit to Western Asset Management Company

 

3.1 – 3.4

 

4.

Staff Report on Due Diligence Site Visit to J.P. Morgan Asset Management Company

 

4.1 – 4.4

REGULAR              (Items for discussion and action by the Board)

 

 

5.

Presentation by Pension Consulting Alliance, Inc. – Second Quarter Hedge Fund Performance Review for 2011

 

5

 

6.

Annual Presentation by J.P. Morgan Asset Management Company – Core Fixed Income Manager

 

6

 

7.

Annual Presentation by Wells Capital Management Company – Core Fixed Income Manager

 

7

 

12-19

 

8.

 

Presentation by Courtland Partners - DRA Advisors Real Estate Opportunity; Discussion and Possible Action  

 

 

8.1 – 8.2

12-20

9.

Discussion of The Boston Company Asset Management Performance -  International Developed Markets; and Possible Action

 

9.1 – 9.13

 

10.

Discussion of Private Equity Benchmark by Pension Consulting Alliance, Inc.; and Possible Action

 

10.1 – 10.6

REPORTS FOR REFERENCE

 

 

11.

Investment Reports for July 2011

a)  Summary of Investment Returns as of July 31, 2011

b)  Market Value of Investments by Fund and Month as of July 31, 2011

c)  Market Value of the Retirement, Death, and Disability Funds and Retiree   Health Care Fund as of July 31, 2011

d)  Summary of Contract Expirations 

 

 

11a.1–11a.8

11b.1–11b.3

11c.1–11c.2

 

       11d.1

 

 

RETIREMENT PLAN MANAGER’S COMMENTS

 

12.

 

 

   12

FUTURE AGENDA ITEMS

 

13.

 

   12

 

 

 

In compliance with Government Code Section 55957.5, 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 September 9, at 8:30 a.m.