RETIREMENT BOARD OF ADMINISTRATION

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

REGULAR MEETING AGENDA  

 

FEBRUARY 13, 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 February 13, 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)

 

 1.

Approval of Minutes:

a)  January 9, 2013, Regular Meeting

b)  January 16, 2013, Special Meeting

 

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

 

 

 2.

Notice Regarding Political Activity by City Employees and Officials

 

REGULAR    (Items for discussion and action by the Board)

Reso

 

13-62

  3.

Discussion of Commitment to Brookfield Timberlands Fund V; and Possible Action

 

 

  4.

Discussion of Letter from Mayor Antonio R. Villaraigosa Regarding Review of Retirement Funds for Divestment of Assault Weapon Companies; and Possible Action

 

13-55

  5.

Ratification of Board’s Action to Join as Plaintiffs in Existing Litigation; Discussion and Possible Action

 

13-56

  6.

Ratification of Board’s Action to Retain Plaintiffs’ Counsel in Pending Litigation; Discussion and Possible Action

 

13-57

  7.

Discussion of July 1, 2013, Annual Cost of Living Adjustment for Eligible Recipients of Monthly Retirement Plan Benefits; and Possible Action

 

13-58

  8.

Discussion of Update to Investment Policy Guidelines, and Possible Action

 

13-59

  9.

Discussion of Global Real Estate Investment Trust Securities Investment Pacing; and Possible Action

 

13-60

10.

Discussion of the European Investors, Inc., Global Real Estate Investment Trust Securities Mandate; and Possible Action

 

13-61

11.

Discussion of Request to Extend Contract with Outside Investment Counsel; and Possible Action

 

 

12.

Presentation by Courtland Partners – 2012 Third Quarter Real Estate Performance Report

 

 

13.

Annual Presentation by Loomis, Sayles & Co. – High Yield Fixed Income Manager

 

 

14.

Annual Presentation by Wells Capital Management – High Yield Fixed Income Manager

 

REPORTS FOR REFERENCE

 

 

15.

Investment Reports for December 2012

a)      Summary of Investment Returns as of December 31, 2012

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

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

d)      Summary of Contract Expirations 

 

 

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 February 8, 2013, at 8:30 a.m.