RETIREMENT BOARD OF ADMINISTRATION

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

REGULAR MEETING AGENDA  

 

JUNE 12, 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 June 12, 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 - May 15, 2013, Special Meeting

 

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

 

 

 2.

Report of Payment Authorizations for April 2013

 

 

 3.

Investment Reports for April 2013

a)       Summary of Investment Returns as of April 2013

b)      Market Value of Investments by Fund and Month as of April 2013

c)      Market Value of the Retirement, Death, and Disability Funds and Retiree Health Care Fund as of April 2013

d)      Summary of Contract Expirations 

 

 

 4.

Report on Organizational Change at JP Morgan Investment Management, Inc. – Fixed  Income Manager

 

 

 5

Report on Manual Proxy Vote Related to JP Morgan Chase & Co. Holdings

 

 

 6.

Report on Manual Proxy Vote Related to Caterpillar, Inc., Holdings

 

 

 

 

REGULAR    (Items for discussion and action by the Board)

Reso

 

13-84

 7.

Discussion of Contract with European Investors, Inc. – Real Estate Investment Trust (REIT) Manager; and Possible Action

 

13-85

 8.

Discussion of Amendment to the Real Estate Investment Policy; and Possible Action

 

13-86

 9.

Discussion of Contract with Earnest Partners, LLC., – Active Small Cap Domestic Equity Investment Manager; and Possible Action

 

 

10.

Presentation by Courtland Partners, Ltd. – 2012 Fourth Quarter Real Estate Performance Report

 

 

11.

Presentation by Pension Consulting Alliance, Inc. – 2013 First Quarter Performance Report

 

 

12.

Presentation by Pension Consulting Alliance, Inc. – 2013 First Quarter Real Return Performance Report

 

 

13.

Annual Presentation by Vontobel Asset Management, Inc. – Emerging Markets Investment Manager

 

 

14.

Annual Presentation by Los Angeles Capital Asset Management, Inc. – Emerging Markets Investment Manager

 

 

 

 

 

15.

RETIREMENT PLAN MANAGER’S COMMENTS

 

  16. 

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 June 7, 2013, at 8:30 a.m.