BOARD OF ADMINISTRATION

OF THE

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

REGULAR MEETING AGENDA

 

FEBRUARY 8, 2017 – 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 8, 2017, 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.

Approval of the Minutes of January 11, 2017, Regular Meeting

 

 

17-40

 

2.

Termination of Monthly Allowance from the January 2017 Retirement Roll

 

 

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

 

 

 

3.

Report of Payment Authorizations for December 2016

 

 

 

4.

Notice of Deaths for December 2016

 

 

 

5.

Investment Reports for December 2016

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

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

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

d)  Summary of Contract Expirations

 

 

 

6.

Report on Status of Insurance as of January 20, 2017

 

 

 

7.

Report on Pacific Asset Management – On Site Due Diligence Visit

 

 

 

 

 

REGULAR    (Items for discussion and action by the Board)

 

 

Reso

 

 

 

 

8.

Discussion of Ad-Hoc Committee to Review Candidates for Assistant Retirement Plan Manager Position

 

 

17-41

9.

Discussion of Organizational Change at T. Rowe Price Associates, Inc. – Large-Cap Growth; and Possible Action

 

 

 

10.

Annual Presentation by Earnest Partners – Domestic Small-Cap Value Equity Manager

 

 

 

11.

Annual Presentation by Emerald Advisers, Inc. – Domestic Small-Cap Growth Equity Manager

 

 

 

12.

Presentation by Courtland Partners – 2016 Third Quarter Real Estate Performance Report

 

 

 

13.

Presentation by Courtland Partners – 2017 Real Estate Strategic Plan

 

 

 

14.

Presentation by Pension Consulting Alliance – 2017 Private Equity Strategic Plan

 

 

17-42

15.

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

 

 

 

16.

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

 

 

 

17.

CLOSED SESSION - PURSUANT TO SUBDIVISIONS (a) AND (d)(1) OF GOVERNMENT CODE SECTION 54956.9 to Confer with, or Receive Advice from, Legal Counsel Regarding the Consolidated Class Action Against LendingClub Corporation Pending in the United States District Court, Northern District of California

 

 

REPORTS FOR REFERENCE  (Items of Interest to the Board on which no action is taken)

 

 

 

18.

Investment Reports for November 2016

a)  Summary of Investment Returns as of November 30, 2016

b)  Market Value of Investments by Fund and Month as of November 30, 2016

c) Market Value of the Retirement, Death, and Disability Funds and Retiree Health Care Fund as of November 30, 2016

 

 

 

19.

RETIREMENT PLAN MANAGER’S COMMENTS

 

 

 

20.

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 3, 2017, at 8:30 a.m.