BOARD OF ADMINISTRATION

OF THE

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

REGULAR MEETING AGENDA

 

SEPTEMBER 12, 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 September 12, 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.

 


GENERAL PUBLIC COMMENTS ON MATTERS WITHIN THE BOARD’S JURISDICTION

 

CONSENT ITEMS (Approval of routine items; action taken on entire consent agenda and treated as separate vote on each)

Reso

 

 

 

 

1.

Approval of the Minutes for August 8, 2018, Regular Meeting

 

 

19-15

19-16

19-17

19-18

19-19

19-20

2.

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

b)  Termination of Carlos L. Serrano from May 2018 Permanent Total Disability Roll

c)  Termination of Stanley E. Seymore from May 2018 Permanent Total Disability Roll

d)  Termination of Aman Jasper from June 2018 Permanent Total Disability Roll

e)  Termination of Michael E. Coscia from June 2018 Permanent Total Disability Roll

f)  Termination of Peter C. Lau from June 2018 Permanent Total Disability Roll

 

 

REPORTS TO THE BOARD (Items of Interest to the Board on which no action is taken)

 

 

 

3.

Report of Payment Authorizations for July 2018

 

 

 

4.

Notice of Deaths for July 2018

 

 

 

5.

Investment Reports for July 2018

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

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

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

 

 

 

6.

Summary of Contract Expirations for August 2018

 

 

 

7.

Report on Status of Insurance for August 2018

 

 

 

8.

Articles of Interest

 

 

 

9.

Report on Fidelity Institutional Asset Management – On-Site Due Diligence Visit

 

 

 

10.

Report on Wellington Management, Inc. – On-Site Due Diligence Visit

 

 

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

 

 

CLOSED SESSION (Items for discussion and action by the Board)

 

Reso

 

 

 

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

 

 

ITEMS FOR BOARD ACTION (Items for discussion and action by the Board)

 

Reso

 

 

19-21

12.

Consideration of Outside Tax Counsel for Three Year Contract(s) Effective September 21, 2018; and Possible Action

 

19-22

13.

Discussion of Consent to Assignment of Contract with Emerald Advisers, LLC, for U.S. Small-Cap Growth Equity; and Possible Action

 

 

14.

Discussion of Global Equity Request for Proposal

 

19-23

15.

Discussion of Rule 144A Securities Restriction in the Death and Disability Funds Managed by Wells Capital Management; and Possible Action

 

PRESENTATIONS (Items for discussion on which no action is required by the Board)

 

 

 

16.

Report on In-Kind Distribution Managers

 

 

17.

Annual Presentation by J.P. Morgan Investment Management, Inc. – Principal Protection Manager

 

 

18.

Annual Presentation by Wells Capital Management, Inc. – Principal Protection Manager

 

 

19.

Presentation by StepStone – 2018 First Quarter Private Equity Performance

 

RETIREMENT PLAN MANAGER’S COMMENTS

 

 

CONSIDERATION OF 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 September 7, 2018.