RETIREMENT BOARD OF ADMINISTRATION

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

REGULAR MEETING AGENDA

 

FEBRUARY 8, 2012 – 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 February 8, 2012, 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

 

 

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 – December 14, 2011, Regular Meeting

 

 

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

 

 2.

Litigation by the Los Angeles City Attorney Against Northern Trust Corporation and Pension Consulting Alliance

 

 

 

REGULAR              (Items for discussion and action by the Board)

 

 

3.

Presentation by Loomis, Sayles & Company, High Yield Investment Manager - Annual Performance Review as of December 31, 2011

 

 

 

4.

Presentation by Wells Capital Management, High Yield Investment Manager - Annual Performance Review as of December 31, 2011

 

 

 

5.

Presentation by Courtland Partners, Ltd. –Third Quarter 2011 Real Estate Portfolio Performance

 

 

 

6.

Discussion of International Developed Markets Active Equity Manager Request for Proposals; and Possible Action

 

 

 12-55

 7.

Discussion of Consent to Extend the Fundraising Period for Bristol Value Fund II; and Possible Action

 

 

 12-56

  8.

Consideration of Additional Funding for Actuarial Services Related to Programming of Internal Revenue Code Testing Rules; Discussion and Possible Action

 

 

 9.

Discussion of Salary Parity for the Chief Investment Officer; and Possible Action

 

 

10.

Discussion of Election of the Active Employee Members to the Retirement Board; and Possible Action

 

 

 

11.

Discussion of Extension of Contract with Outside Tax Counsel; and Possible Action

 

 

 

12.

Selection of International Developed Passive Equity Manager - Interviews, Discussion, and Possible Board Action

 

 

REPORTS FOR REFERENCE

 

 

13.

Investment Reports for December 2011

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

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

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

d)  Summary of Contract Expirations 

 

 

RETIREMENT PLAN MANAGER’S COMMENTS

 

14.

 

 

 

FUTURE AGENDA ITEMS

 

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 February 3, 2012, at 8:30 a.m.