BOARD OF ADMINISTRATION

OF THE

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

REGULAR MEETING AGENDA

 

APRIL 11, 2018 – 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 April 11, 2018, 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 February 28, 2018, Regular Meeting

 

 

18-81

18-82

 

2.

a)  Termination of Monthly Allowance from the March 2018 Retirement Roll

b)  Termination of Joi T. Dudley from the April 2018 Permanent Total Disability Roll

 

 

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

 

 

 

3.

Articles of Interest

a)  StepStone Real Estate Completes the Acquisition of Courtland Partners

b)  Abel Noser Holdings to Acquire Zeno Consulting Group

 

 

 

4.

Notice of Deaths for February 2018

 

 

 

5.

Investment Reports for January 2018

a)  Summary of Investment Returns as of January 31, 2018

b)  Market Value of Investments by Fund and Month as of January 31, 2018

c)  Market Value of the Retirement, Death, and Disability Funds and Retiree Health Care Fund as of January 31, 2018

 

 

 

6.

Investment Reports for February 2018

a)  Summary of Investment Returns as of February 28, 2018

b)  Market Value of Investments by Fund and Month as of February 28, 2018

c)  Market Value of the Retirement, Death, and Disability Funds and Retiree Health Care Fund as of February 28, 2018

 

 

 

7.

Summary of Contract Expirations for March 2018

 

 

 

8.

Report on Status of Insurance for March 2018

 

 

 

9.

Report on Western Asset Management Company - Global Inflation Linked Securities – On-Site Due Diligence Visit

 

 

 

10.

Annual Presentation by BlackRock Institutional Trust Co. – Large Cap Core Manager

 

 

 

11.

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

 

 

 

12.

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

 

 

 

13.

Presentation by RVK, Inc. – 2017 Third Quarter Portfolio Performance Report

 

 

 

14.

Presentation by RVK, Inc. – 2017 Third Quarter Real Return Portfolio Performance Report

 

 

REGULAR    (Items for discussion and action by the Board)

 

 

Reso

 

 

 

15.

Presentation for Javier Romero, President of the Board of Administration of the Water and Power Employees’ Retirement Plan

 

18-83

 

16.

Consideration of Designation of Trustee for Incompetents for Faye R. Hooper; Discussion and Possible Action

 

 

18-84

 

17.

Discussion of Delegation of Authority to Designate or Terminate a Trustee Under Plan Section III H to the Benefits Committee of the Board of Administration; and Possible Action

 

 

18-85

 

18.

Discussion of Contract Amendment with Simpson and Simpson, CPAs, for Auditing Services Associated with Governmental Accounting Standards Board Statement 75; and Possible Action

 

 

18-86

 

19.

Discussion of Contract Amendment for Fidelity Institutional Asset Management, International Developed Growth Equity; and Possible Action

 

 

20.

Presentation by RVK, Inc. – 2017 Fourth Quarter Portfolio Performance Report

 

21.

Presentation by RVK, Inc. – 2017 Fourth Quarter Real Return Portfolio Performance Report

 

 

22.

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)

 

 

 

23.

Investment Reports for December 2017

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

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

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

 

 

 

24.

RETIREMENT PLAN MANAGER’S COMMENTS

 

 

 

25.

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 April 6, 2018.