RETIREMENT BOARD OF ADMINISTRATION

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

REGULAR MEETING AGENDA

 

SEPTEMBER 28, 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 28, 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 August 31, 2011, Regular Meeting

 

1.1 – 1.6

 

12-21

 

12-22

 

12-23

  2.

Termination from Rolls

a)  Termination of Monthly Allowance from the September 2011 Retirement Roll

b)  Termination of Augustine Hernandez from the September 2011      Permanent Total Disability Roll

c)  Termination of Tom D. Hooper from the September 2011 Permanent Total Disability Roll

 

2.1 – 2.4

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

 

   3.

Report of Payment Authorizations for August 2011

 

3.1 – 3.61

 

   4.

Notice of Deaths for August 2011

 

4

 

   5.

Investment Reports for August 2011

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

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

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

d)  Summary of Contract Expirations 

 

 

5a.1 – 5a.8

5b.1 – 5b.3

5c.1 – 5c.2

 

 5d.1

 

 

 

 

RECEIVED AND FILED     (Continued)

 

   6.

Report on Status of Insurance as of September 13, 2011

 

6

 

   7.

Report on Changes in Connection with Oaktree Principal Fund V, L.P.

 

7.1 – 7.6

 

   8.

Report on Clarification-Related Changes to the Plan’s Investment Policy

 

8.1 – 8.9

REGULAR              (Items for discussion and action by the Board)

 

12-24

   9.

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

 

9.1 – 9.2

12-25

 10.

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

 

10.1 – 10.2

12-26

 11.

Discussion of International Equity Portfolio Structure; and Possible Action

 

11.1 – 11.8

 

 12.

Report from Pension Consulting Alliance on the Covered Calls Manager Request for Proposal Responses; Discussion and Possible Action

 

12.1 – 12.4

12-27

 13.

Ratification of Board Action Regarding the Private Equity Portfolio Benchmark

 

13.1 – 13.3

12-28

 14.

Discussion of Approval of the Investment Opportunity with DRA Advisors, LLC; and Possible Action  

 

14.1 – 14.2

RETIREMENT PLAN MANAGER’S COMMENTS

 

  15.

 

 

15

FUTURE AGENDA ITEMS

 

  16.

 

15

 

 

 

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 23, at 8:30 a.m.