BOARD OF ADMINISTRATION

OF THE

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

REGULAR MEETING AGENDA

 

MARCH 11, 2015 – 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 March 11, 2015, 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

 

 

 

 

1.

Request for Approval of Minutes:

a)  September 24, 2014, Regular Meeting

b)  January 14, 2015, Regular Meeting

c)  February 25, 2015, Regular Meeting

 

 

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

 

 

 

2.

Report on Fred Alger Management, Inc. – On-Site Due Diligence Visit

 

 

 

3.

Report on Vontobel Asset Management, Inc. – On-Site Due Diligence Visit

 

 

REGULAR    (Items for discussion and action by the Board)

 

 

Reso

 

 

15-55

4.

Discussion of Extension of Agreement with James Evans and Associates, Inc.; and Possible Action

 

 

 

5.

Discussion of Contract and Funding Status for the Two Extended Global Credit Fixed Income Managers; and Possible Action

 

 

 

6.

Presentation by Pension Consulting Alliance, Inc. – Private Equity Performance

 

 

 

7.

Annual Presentation by MFS Investment Management, Inc. – Large Cap Value Manager

 

 

 

8.

Annual Presentation by T. Rowe Price Associates, Inc. Large Cap Value Manager

 

 

REPORTS FOR REFERENCE

 

 

9.

Investment Reports for January 2015

a)      Summary of Investment Returns as of January 31, 2015

b)      Market Value of Investments by Fund and Month as of January 31, 2015

c)      Market Value of the Retirement, Death, and Disability Funds and Retiree Health Care Fund as of January 31, 2015

 

 

 

10.

RETIREMENT PLAN MANAGER’S COMMENTS

 

 

 

11.

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 March 6, 2015, at 8:30 a.m.