BOARD OF ADMINISTRATION

OF THE

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

SPECIAL MEETING AGENDA

 

SEPTEMBER 10, 2014 – 9:15 A.M.

 

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

 

 


A meeting of the Retirement Board will be held on September 10, 2014, convening at 9:15 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 Minutes of September 3, 2014, Special Meeting

 

 

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

 

 

 

 

 

REGULAR    (Items for discussion and action by the Board)

 

 

Reso

 

 

 

 

 

 

 

2.

Presentation by Courtland Partners, Ltd. – 2014 First Quarter Real Estate Performance Report

 

 

 

3.

Presentation by Pension Consulting Alliance, Inc. – 2014 Second Quarter Real Return Performance Report

 

 

 

4.

Presentation by Pension Consulting Alliance, Inc. – 2014 First Quarter Private Equity Performance Report

 

 

 

5

Annual Presentation by J.P. Morgan Asset Management, Inc. – Fixed-Income Core Manager

 

 

 

6.

Annual Presentation by Wells Capital Management, Inc. – Fixed-Income Core Manager

 

 

 

7.

Discussion of Request for Proposal for Private Equity Consultant; and Possible Action

 

 

 

8.

Discussion of Request for Proposal for General Consultant; and Possible Action

 

15-12

9.

CLOSED SESSION – PURSUANT TO GOVERNMENT CODE SECTION 54956.81 TO CONSIDER THE PURCHASE OF ONE PARTICULAR, SPECIFIC PENSION FUND INVESTMENT; AND POSSIBLE ACTION

 

 

REPORTS FOR REFERENCE

 

 

10.

Investment Reports for July 2014

a)      Summary of Investment Returns as of July 31, 2014

b)      Market Value of Investments by Fund and Month as of July 31, 2014

c)      Market Value of the Retirement, Death, and Disability Funds and Retiree Health Care Fund as of July 31, 2014

 

 

 

11.

RETIREMENT PLAN MANAGER’S COMMENTS

 

 

 

12.

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 9, 2014, at 9:00 a.m.