BOARD OF ADMINISTRATION

OF THE

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

SPECIAL MEETING AGENDA  

 

NOVEMBER 27, 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 November 27, 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

 

 

 

 

1.

Request for Approval of Minutes – October 9, 2013, Regular Meeting

 

 

 

14-28

14-46

14-29

14-30

14-31

14-32

2.

Termination from Rolls

a)  Termination of Monthly Allowance from the October 2013 Retirement Roll

b)  Termination of Monthly Allowance from the November 2013 Retirement Roll

c)  Termination of William Henry Cole from October 2013 Permanent Total Disability Roll

d)  Termination of Troya Lynn Patch from the October 2013 Permanent Total Disability Roll

e)  Termination of Patricia A. Raisch from October 2013 Permanent Total Disability Roll

f)   Termination of Phillip Tong from the October 2013 Permanent Total Disability Roll

 

 

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

 

 

 

3.

Report of Payment Authorizations

a)  September 2013

b)  October 2013

 

 

 

4.

Notice of Deaths

a)  September 2013

b)  October 2013

 

 

 

5.

Investment Reports for September 2013

a)      Summary of Investment Returns as of September 30, 2013

b)      Market Value of Investments by Fund and Month as of September 30, 2013

c)      Market Value of the Retirement, Death, and Disability Funds and Retiree Health Care Fund as of September 30, 2013

d)      Summary of Contract Expirations 

 

 

 

6.

Report on Status of Insurance as of October 21, 2013

 

 

 

7.

Report on Organizational Changes at Pyramis Global Advisors, Inc.

 

 

 

8.

Aetos Alternative Management, LLC, Hedge Fund of Funds – Annual Report

 

 

REGULAR    (Items for discussion and action by the Board)

 

 

Reso

 

 

14-34

9.

Discussion of Authorization of Payment to Segal Consulting for Cost Studies Regarding the Suspension of Reciprocity and Creation of Tier 2; and Possible Action

 

 

14-37

10.

Discussion of New Private Equity Investment (Apollo); and Possible Action

 

 

14-35

11.

Discussion of New Real Estate Investment (Blackstone Opportunistic); and Possible Action

 

 

14-36

12.

Discussion of New Real Estate Investment (DRA VIII); and Possible Action

 

 

14-38

13.

Discussion of Transition Bench Request for Information; and Possible Action

 

 

14-39

14.

Discussion of Fred Alger Management, Inc. – Large-Cap Growth Performance; and Possible Action

 

14-40

15.

Discussion of Frontier Capital Management Company LLC – Small Cap Growth Performance; and Possible Action

 

14-41

 

16.

Discussion of MFS Institutional Advisors, Inc. – Large-Cap Value Performance; and Possible Action:

 

 

14-42

17.

Discussion of Western Asset Management Company – Global Inflation Linked Securities Performance; and Possible Action

 

 

14-43

14-44

 

18.

Discussion of the Covered Call Mandate Allocation and Policy; and Possible Action

 

 

14-45

19.

Discussion of Manager Specific Guidelines for Hedge Fund of Funds; and Possible Action

 

 

 

20.

Presentation by Courtland Partners – 2013 Second Quarter Real Estate Performance Report; and Possible Action

 

 

 

21.

RETIREMENT PLAN MANAGER’S COMMENTS

 

 

 

22.

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 November 22, 2013, at 8:30 a.m.