BOARD OF ADMINISTRATION

OF THE

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

REGULAR MEETING AGENDA

 

MAY 11, 2016 – 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 11, 2016, 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)  April 13, 2016, Regular Meeting

b)  April 20, 2016, Special Meeting

 

 

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

 

 

 

2.

Investment Reports for March 2016

a)  Summary of Investment Returns as of March 31, 2016

b)  Market Value of Investments by Fund and Month as of March 31, 2016

c)  Market Value of the Retirement, Death, and Disability Funds and Retiree Health Care Fund as of March 31, 2016

d)  Summary of Contract Expirations

 

 

 

3.

Report on Fidelity Institutional Asset Management – On-Site Due Diligence Visit

 

 

REGULAR    (Items for discussion and action by the Board)

 

 

Reso

 

 

16-88

4.

Discussion of the Ratification of the Retirement Board’s Adoption of the New Hedge Fund Structure; and Possible Action

 

 

16-89

5.

Discussion of Contract Extension for Earnest Partners Small-Cap Value Equity; and Possible Action

 

 

16-90

6.

Discussion of Organizational Change at JP Morgan Investment Management, Inc.; and Possible Action

 

 

16-91

7.

Discussion of Authorizing Wells Capital Management to Invest in Accordance with ERISA Exemption; and Possible Action

 

 

 

8.

Annual Presentation by Los Angeles Capital Management – Emerging Markets Equity Manager

 

 

 

9.

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

 

 

 

10.

Presentation by RVK, Inc. – Emerging Manager Program Education – Part II

 

 

16-92

11.

CLOSED SESSION – PURSUANT TO GOVERNMENT CODE SECTION 54956.81 to Consider the Purchase of One Particular, Specific Pension Fund Investment and Possible Board Action

 

 

 

12.

CLOSED SESSION – PURSUANT TO GOVERNMENT CODE SECTION 54957(b)(1) to Consider Board Review of the Evaluation of City Attorney Services for the Period January 1, 2016 through March 31, 2016; and Possible Action

 

 

 

13.

RETIREMENT PLAN MANAGER’S COMMENTS

 

 

 

14.

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 6, 2016, at 8:30 a.m.