RETIREMENT BOARD OF ADMINISTRATION

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

SPECIAL MEETING AGENDA  

 

JUNE 26, 2013 – 8:30 A.M.

 

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

 

 


 

A meeting of the Retirement Board will be held on June 26, 2013, convening at 8:30 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

 

13-87

1.

Termination from Rolls  - Monthly Allowance from the June 2013 Retirement Roll

 

 

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

 

 

 

2.

Report of Payment Authorizations for May 2013

 

 

 

3.

Notice of Deaths for May 2013

 

 

 

4.

Investment Reports for May 2013

a)  Summary of Investment Returns as of May 31, 2012

b)  Market Value of Investments by Fund and Month as of May 31, 2013

c)  Market Value of the Retirement, Death, and Disability Funds and Retiree Health Care Fund as of May 31, 2013

d)  Summary of Contract Expirations 

 

 

 

5.

Report on Status of Insurance as of June 11, 2013

 

 

 

6.

Report on Organizational Change at the Bank of New York Mellon

 

 

 

REGULAR    (Items for discussion and action by the Board)

 

Reso

 

13-88

7.

Discussion of Experience Study for the Period July 1, 2009, through June 30, 2012, as Prepared and Presented by The Segal Company; and Possible Action

 

13-89

8.

Discussion of Investment Opportunity with Real Return Asset Class; and Possible Action

 

13-90

9.

Discussion of Real Return Asset Class Policy Benchmark; and Possible Action

 

13-91

13-92

 

10.

Discussion of Fixed Income Structure and Policy Change; and Possible Action

 

 

11.

Discussion of Preliminary Strategic Investment Plan by Pension Consulting Alliance, Inc.; and Possible Action

 

 

12.

Presentations of Proposals and Interviews for Hedge Fund Manager; Discussion and Possible Action

 

a)      Aetos Alternatives Management, LLC

b)      Blackstone Alternative Asset Management LP

c)      Crestline Investors, Inc.

d)      Entrust Capital, Inc.

e)      Morgan Stanley Alternative Investment Partners

 

 

 

 

13.

RETIREMENT PLAN MANAGER’S COMMENTS

 

 

14.

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 June 21, 2013, at 8:30 a.m.