RETIREMENT BOARD OF ADMINISTRATION

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

SPECIAL MEETING AGENDA  

 

DECEMBER 15, 2010 - 9:00 A.M.

 
       ROOM 1555-H, 111 NORTH HOPE STREET, LOS ANGELES, CA 90012

 


 

A Special Meeting of the Retirement Board will be held on December 15, 2010, 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.

 


 

 

Reso

Item

Description of Agenda Item

Page

 

 

 

 

PUBLIC COMMENTS

 

 

CONSENT      (Approval of routine, non-controversial items; action is taken on the whole Consent Agenda and

                                     is treated as a separate vote on each item.)

 

 1

Approval of Minutes for Regular Meeting of October 27, 2010

 

1.1 – 1.5

 

11-46

11-47

 2

 

 

 

Termination from Rolls

      Termination of Monthly Allowance from the December 2010 Retirement Roll

      Termination of Kayce Hatter from the December 2010 Family Death Benefit Roll 

2.1 – 2.3

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

 

 

  3

Report of Payment Authorizations for November 2010

3.1 – 3.71

 

  4

Notice of Deaths for November 2010

4.1 – 4.2

 

  5

Report on Holdings of Aetos Alternatives Management, Pacific Alternative Asset Management Company, and MFS Investment Management

 

5.1 – 5.8

REPORTS FOR REFERENCE

 

 

  6

Investment Reports

a)  Summary of Investment Returns as of October 31, 2010

b)  Market Value of Investments by Fund and Month as of October 31, 2010

c)  Market Value of the Retirement, Death, and Disability Funds and Retiree Health       Care Fund as of October 31, 2010

 

 

6a.1 – 6a.7

6b.1 – 6b.3

6c.1 – 6c.2

 

 

 

REGULAR              (Items for discussion and action by the Board)

 

 

11-48

11-49

  7

  Presentation by the Segal Company - Annual Actuarial Valuations

      a)   Disability Fund as of July 1, 2010; Discussion and Possible Action

    b)   Death Benefit Fund as of July 1, 2010; Discussion and Possible Action

 

 

7a.1 - 7a.4

7b.1 – 7b.4

 

  8

Annual Presentation by Western Asset Management Company

 

8

 

  9

Presentation by Pension Consulting Alliance, Inc. – Third Quarter Hedge Fund-of-Funds Performance as of September 30, 2010

 

9

11-50

10

Discussion of New Private Equity Investment Opportunity with Audax Mezzanine III; and Possible Action

 

10.1 – 10.28

11-51

11

Discussion of Commission Recapture Pilot Program Results; and Possible Action

11.1 – 11.6

11-52

12

Discussion of New Real Estate Investment Opportunity with Invesco Core Real Estate-USA Fund; and Possible Action

 

12.1 – 12.28

 

13

Discussion of Post Transition Review by Pension Consulting Alliance, Inc.

13.1 – 13.8

 

14

Discussion of Presentation Schedule for Investment Managers for 2011; and Possible Action

14.1 – 14.3

11-53

15

Discussion to Extend the Contract with T. Rowe Price Emerging Markets Manager; and Possible Action

 

15.1 – 15.10

11-54

16

Discussion to Extend the Contract with The Boston Company Emerging Markets Manager; and Possible Action

 

16.1 – 16.9

11-55

17

Discussion of Organizational Change at Landmark Partners; and Possible Action

 

17.1 – 17.15

RETIREMENT PLAN MANAGER’S COMMENTS

 

 

18

 

18

 

 

 

 

FUTURE AGENDA ITEMS

 

 

19

 

18

         

 

 

 

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 December 10, 2010, at 8:30 a.m.