BOARD OF ADMINISTRATION

OF THE

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

REGULAR MEETING AGENDA

 

JUNE 13, 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 June 13, 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 for May 23, 2018, Regular Meeting

 

 

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

 

 

 

2.

Investment Reports for April 2018

a)  Summary of Investment Returns as of April 30, 2018

b)  Market Value of Investments by Fund and Month as of April 30, 2018

c)  Market Value of the Retirement, Death, and Disability Funds and Retiree Health Care Fund as of April 30, 2018

 

 

 

3.

Articles of Interest

 

 

REGULAR    (Items for discussion and action by the Board)

 

Reso

 

 

18-92

4.

Discussion of Professional Services Contract to Regularly Update the Print and Electronic Versions of the Water and Power Employees’ Retirement Plan Document; and Possible Action

 

 

5.

Discussion of U.S. Large-Cap Growth Equity Mandate; and Possible Action

 

18-93

6.

Discussion of Contract Extension for MFS Investment Management, Large-Cap Value Equity; and Possible Action

 

18-94

7.

Discussion of Contract Extension for Emerald Advisers Small-Cap Growth Equity; and Possible Action

 

 

8.

Presentation by StepStone – 2018 Private Equity Strategic Plan

 

 

9.

Annual Presentation by Neuberger Berman Fixed Income, LLC – Extended Global Credit Manager

 

 

10.

Annual Presentation by Macquarie Investment Management – Extended Global Credit Manager

 

 

11.

Annual Presentation by Pacific Asset Management – Active U.S. Bank Loans Manager

 

 

12.

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)

 

 

 

13.

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

 

 

 

14.

RETIREMENT PLAN MANAGER’S COMMENTS

 

 

 

15.

FUTURE AGENDA ITEMS

 

 

18-95

16.

Discussion of Request for Proposals for Outside Tax Counsel; and Possible Action

 

 


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 June 8, 2018.