BOARD OF ADMINISTRATION

OF THE

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

REGULAR MEETING AGENDA

 

MAY 23, 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 May 23, 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

a)  April 11, 2018 Regular Meeting

b)  April 11, 2018 Special Meeting

 

 

18-87

18-88

 

2.

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

b)  Termination of Monthly Allowance from the May 2018 Retirement Roll

 

 

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

 

 

 

3.

Report of Payment Authorizations

a)  February 2018

b)  March 2018

c)  April 2018

 

 

 

4.

Notice of Deaths

a)  March 2018

b)  April 2018

 

 

 

5.

Investment Reports for March 2018

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

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

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

 

 

 

6.

Summary of Contract Expirations for May 2018

 

 

 

7.

Report on Status of Insurance for May 2018

 

8.

Articles of Interest

 

 

 

9.

Report on Real Estate Investment in Almanac Realty Securities VIII, L.P.

 

 

10.

Evaluation of City Attorney Services for the Period of January 1, 2018 through March 31, 2018

 

 

11.

Annual Presentation by Fred Alger & Company, Inc. – Large Cap Growth Manager

 

 

12.

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

 

REGULAR    (Items for discussion and action by the Board)

 

Reso

 

 

18-89

13.

Discussion of Consent to Assignment of Contract for Outside Tax Counsel Services; and Possible Action

 

18-90

14.

Discussion of Contract Extension for Fred Alger Management, Inc., U.S. Large-Cap Growth Equity; 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.

Presentation by Courtland Partners – 2017 Fourth Quarter Real Estate Portfolio Performance Report

 

 

18.

Presentation by RVK, Inc. – 2018 First Quarter Real Return Portfolio Performance Report

 

 

19.

Presentation by RVK, Inc. – 2018 First Quarter Portfolio Performance Report

 

18-91

20.

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

 

 

 

21.

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)

 

 

 

22.

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

 

 

 

23.

RETIREMENT PLAN MANAGER’S COMMENTS

 

 

 

24.

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 18, 2018.