RETIREMENT BOARD OF ADMINISTRATION

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

REGULAR MEETING AGENDA  

 

MAY 9, 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 May 9, 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.


 

 


 

PUBLIC COMMENTS

 

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

                                                                             separate vote on each item.)

Reso

 

 

 

1.

Request for Approval of Minutes

a)  March 14, 2012, Regular Meeting

b)  March 28, 2012, Regular Meeting

c)  April 4, 2012, Special Meeting

d)  April 11, 2012, Regular Meeting

 

 

12-74

12-75

2.

Termination from Rolls

 a) Termination of Monthly Allowance from the April 2012 Retirement Roll

 b) Termination of Jeannine Y. Massie from April 2012 Permanent Total Disability Roll

 

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

 

 

3.

Report of Payment Authorizations for March 2012

 

 

4.

Notice of Deaths for March 2012

 

 

5.

Investment Reports for March 2012

a.i)    Summary of Investment Returns as of March 31, 2012 (new format)

a.ii)    Summary of Investment Returns as of March 31, 2012 (old format)

b)      Market Value of Investments by Fund and Month as of March 31, 2012

c)      Market Value of the Retirement, Death, and Disability Funds and Retiree Health          Care Fund as of March 31, 2012

d)      Summary of Contract Expirations 

 

 

6.

Report on Status of Insurance as of April 10, 2012

 

 

7.

Request from Board Member to Attend Training

 

 

8.

Report on Organizational Changes at Oaktree Principal Fund V. LP

 

 

9.

Report from Pension Consulting Alliance on Site Visit to Pyramis Global Advisors Trust Company

 

REGULAR    (Items for discussion and action by the Board)

 

Reso

 

 

 

12-76

10.

Discussion of Pyramis Global Advisors Trust Company; and Possible Action

 

12-77

11.

Presentation by Pension Consulting Alliance on New Private Equity Investment Opportunity; Discussion and Possible Action

 

12-78

12.

Discussion of International Equity Passive Guidelines; and Possible Action

 

12-79

13.

Discussion of Active Value International Equity Manager Specific Investment Guidelines; and Possible Action

 

 

14.

Discussion of Investment Policy Benchmark; and Possible Action

 

12-80

15.

Discussion of Performance of Fred Alger Management, Inc.; and Possible Action

 

 

16.

Annual Presentation by Fred Alger Management, Inc. – Large Cap Growth Manager

 

 

17.

Annual Presentation by T. Rowe Price – Large Cap Growth Manager

 

 

18.

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

 

 

19.

RETIREMENT PLAN MANAGER’S COMMENTS

 

 

20.

FUTURE AGENDA ITEMS


 

 

 

 

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 May 4, 2012, at 8:30 a.m.