BOARD OF ADMINISTRATION

OF THE

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

REGULAR MEETING AGENDA

 

AUGUST 9, 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 August 9, 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 July 26, 2017, Regular Meeting

 

 

18-10

2.

Termination of Gail Bowser-Webb From August 2017 Permanent Total Disability Roll

 

 

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

 

 

 

3.

Investment Reports for June 2017

a)  Summary of Investment Returns as of June 30, 2017

b)  Market Value of Investments by Fund and Month as of June 30, 2017

c) Market Value of the Retirement, Death, and Disability Funds and Retiree Health Care Fund as of June 30, 2017

 

 

 

4.

Report on Emerald Advisers, Inc. – On Site Due Diligence Visit

 

 

 

5.

Report on MFS Investment Management – On Site Due Diligence Visit

 

 

 

 

 

REGULAR (Items for discussion and action by the Board)

 

 

Reso

 

 

 

6.

Presentation by RVK, Inc. – Educational Program on Global Equity

 

 

 

7.

Discussion of Management Audit of the Los Angeles Water and Power Employees’ Retirement Plan Part I – Completed Recommendations

 

 

 

8.

Discussion of Contract Terms with The Northern Trust Company

 

 

18-11

9.

Discussion of Contract Consideration for a Search Service Agency to Locate Missing Members/Participants and Beneficiaries; and Possible Action

 

 

18-12

10.

Discussion of Contract Extension for Macquarie Investment Management (formerly Delaware Investments) Active Extended Global Credit; and Possible Action

 

 

18-13

11.

Discussion of Contract Extension for Neuberger Berman, Active Extended Global Credit; and Possible Action

 

 

18-14

12.

Discussion of Contract Extension with RVK, Inc., for General Consulting Services; and Possible Action

 

 

 

13.

Annual Presentation by Dimensional Fund Advisors – Active Global Real Estate Securities Manager

 

 

 

14.

Annual Presentation by Heitman Real Estate Securities, LLC – Active Global Real Estate Securities Manager

 

 

 

15.

Annual Presentation by Invesco – Active Commodities Manager

 

 

 

16.

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)

 

 

 

17.

Investment Reports for May 2017

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

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

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

 

 

 

18.

RETIREMENT PLAN MANAGER’S COMMENTS

 

 

 

19.

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 August 4, 2017.