RETIREMENT BOARD OF ADMINISTRATION

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

REGULAR MEETING AGENDA  

 

JANUARY 23, 2013 – 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 January 23, 2013, 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 separate vote on each)

 

Reso

 

13-47

13-48

13-49

13-50

13-51

 1.

Termination from Rolls

a)  Termination from January 2013 Retirement Roll

b)  Termination of Sharon A. Baneer from Dec. 2012 Permanent Total Disability Roll

c)  Termination of Jennifer L. Delgado from Dec. 2012 Permanent Total Disability Roll

d)  Termination of Wilson Jackson, Jr., from Dec. 2012 Permanent Total Disability Roll

e)  Termination of Allan Raye McNeal from Dec. 2012 Permanent Total Disability Roll      

 

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

 

 

 2.

Report of Payment Authorizations for December 2012

 

 

 3.

Notice of Deaths for December 2012

 

 

 4.

Investment Reports for December 2012

a)      Market Value of Investments by Fund and Month as of December 31, 2012

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

c)      Summary of Contract Expirations 

 

 

 5.

Report on Status of Insurance as of January 8, 2013

 

 

 6.

Aetos Capital Hedge Fund of Funds On-Site Visit - Report from Pension Consulting Alliance

 

 

 7.

Fred Alger Large Cap Growth Equity On-Site Visit - Report from Pension Consulting Alliance

 

 

 8.

Frontier Capital Small Cap Growth Equity On-Site Visit - Report from Pension Consulting Alliance

 

 

 9.

Loomis Sayles High Yield Fixed Income On-Site Visit - Report from Pension Consulting Alliance

 

 

 

REGULAR    (Items for discussion and action by the Board)

 

Reso

 

 

13-52

10.

Discussion of Contract Extension for Frontier Capital Management, LLC, Domestic Small-Cap Growth; and Possible Action

 

 

13-53

11.

Discussion of Contract Extension for Western Asset Management Company, Global Inflation Linked Securities; and Possible Action

 

 

13-54

12.

Discussion of Private Asset Class In-Kind Distribution Policy Guidelines; and Possible Action

 

 

 

13.

Presentation by Pension Consulting Alliance, Inc. - Emerging Manager Training

 

 

 

14.

CLOSED SESSION PURSUANT TO GOVERNMENT CODE SECTION 54956.9(d)(1)  to confer with legal counsel regarding pending litigation (one case); and possible action:

In Re BANK OF NEW YORK MELLON CORPORATION FALSE CLAIMS ACT FOREIGN EXCHANGE LITIGATION, ex rel. FX ANALYTICS, Plaintiffs, v. THE BANK OF NEW YORK MELLON CORPORATION, THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., et al., Defendants (UNITED STATES DISTRICT COURT, NORTHERN DISTRICT OF CALIFORNIA, SAN FRANCISCO DIVISION, CASE NO. 3:11-ev-05683-WHA)

 

 

 

15.

REPORTS FOR REFERENCE

Summary of Investment Returns as of November 30, 2012

 

 

 

16.

RETIREMENT PLAN MANAGER’S COMMENTS

 

 

 

 

17.

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 January 18, 2013, at 8:30 a.m.