BOARD OF ADMINISTRATION

OF THE

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

REGULAR MEETING AGENDA

 

MAY 10, 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 May 10, 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 April 12, 2017, Regular Meeting

 

 

17-57

17-58

2.

a)  Termination of Monthly Allowance from the April 2017 Retirement Roll

b)  Termination of Raman Raj from April 2017 Permanent Total Disability Roll

 

 

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

 

 

 

3.

Report of Payment Authorizations for March 2017

 

 

 

4.

Notice of Deaths for March 2017

 

 

 

5.

Investment Reports for March 2017

a)   Summary of Investment Returns as of March 31, 2017

b)  Market Value of Investments by Fund and Month as of March 31, 2017

c)  Market Value of the Retirement, Death, and Disability Funds and Retiree Health Care Fund as of March 31, 2017

 

 

 

6.

Summary of Contract Expirations

 

 

 

7.

Report on Status of Insurance as of April 27, 2017

 

 

REGULAR    (Items for discussion and action by the Board)

 

Reso

 

 

 

8.

CLOSED SESSION PURSUANT TO SUBDIVISIONS (a) AND (d)(1) OF GOVERNMENT CODE SECTION 54956.9 to Confer with, and/or Receive Advice from Legal Counsel Regarding Pending Litigation. Case: Official Committee of Unsecured Creditors of Motors Liquidation Company FKA General Motors Corporation vs. JP Morgan Chase NA, Individually and as Administrative Agent, et al.

 

 

9.

CLOSED SESSION PURSUANT TO SUBDIVISIONS (a) AND (d)(1) OF GOVERNMENT CODE SECTION 54956.9 to Confer with, and/or Receive Advice from Legal Counsel Regarding Pending Litigation. Cases: In Re: Tribune Company Fraudulent Conveyance Litigation: (i) Deutsche Bank Trust Company Americas et al. vs. First Republic Bank et al., (ii) William A. Niese et al. vs. Chandler Trust No. 1 et al., (iii) The Official Committee of Unsecured Creditors vs. Fitzsimmons

 

 

 

10.

CLOSED SESSION - PURSUANT TO SUBDIVISIONS (a) AND (d)(1) OF GOVERNMENT CODE SECTION 54956.9 to Confer with, and/or Receive Advice from, Legal Counsel regarding pending litigation, and possible board action. Case: Morgan v. Board of Administration of the Water and Power Employees' Retirement Plan, et al. (Superior Court of California, County of Los Angeles, Case No. BS168466)

 

 

 

11.

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

 

 

17-59

12.

Discussion of Possible Contract Extension for The Segal Company, Inc.; and Possible Action

 

 

17-60

13.

Discussion of Request for Proposal for Private Equity Consulting Services; and Possible Action

 

 

17-61

14.

Discussion of Proxy Voting Policy Guidelines; and Possible Action

 

 

 

15.

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

 

 

 

16.

Annual Presentation by Wellington Management – Emerging Markets Equity Manager

 

 

17-62

17.

Discussion of Request for Proposal Responses for Real Estate Consulting Services; and Possible Action

a)  Courtland Partners

b)  Hamilton Lane Advisors

c)  ORG Portfolio Management

d)  Pension Consulting Alliance

e)  The Townsend Group

 

 

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

 

 

 

18.

Investment Reports for February 2017

a)  Summary of Investment Returns as of February 28, 2017

b)  Market Value of Investments by Fund and Month as of February 28, 2017

c)  Market Value of the Retirement, Death, and Disability Funds and Retiree Health Care Fund as of February 28, 2017

 

 

 

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 May 5, 2017, at 8:30 a.m.