BOARD OF ADMINISTRATION

OF THE

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

REGULAR MEETING AGENDA

 

SEPTEMBER 23, 2020 – 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 23, 2020, 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.

 

Due to the COVID-19 pandemic, there are some changes to the meeting. Pursuant to the Mayor’s most recent Safer at Home order, dated April 10, 2020, the Retirement Board will be meeting remotely and the Boardroom will be closed to the public.

 

Members of the public who wish to listen to the Retirement Board meeting live can do so by calling the following telephone number at any time during the meeting:

 

·         (213) 306-3065 and entering 24589476# when prompted for a meeting ID number.

 

Members of the public who wish to offer public comment may do so telephonically by calling (213) 306-3065 and entering 1468170595# when prompted for a meeting ID number. The public comment phone line will be accessible starting at 8:45 a.m.

 

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 Regular Meeting Minutes of August 26, 2020

 

 

21-07

 

2.

Termination of Monthly Allowance for September 2020

 

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

 

 

 

3.

Report of Payment Authorizations for August 2020

 

 

 

4.

Notice of Deaths for August 2020

 

 

 

5.

Summary of Contract Expirations for September 2020

 

 

 

 

 

 

6.

Report on Status of Insurance for September 2020

 

 

 

 

 

 

7.

Investment Reports for July 2020

a)  Summary of Investment Returns as of July 31, 2020

b)  Market Value of Investments by Fund and Month as of July 31, 2020

c)  Market Value of the Retirement, Death, and Disability Funds and Retiree

Health Care Fund as of July 31, 2020

 

 

 

 

 

 

 8.

Report on Updated Rules with Regard to Disclosure of Conflicts of Interest

 

 

 

 9.

Report on California Supreme Court Decision in Alameda Case

 

 

 

10.

Articles of Interest

 

 

 

 

 

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

 

 

 

 

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

 

Reso

 

 

21-08

11.

Discussion of Contract Extension for Neuberger Berman, Active Extended Global Credit; and Possible Action

 

21-09

12.

Discussion of Fidelity Institutional Asset Management – International Developed Growth Equity, and Possible Action

 

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

 

 

 

 

13.

Presentation by RVK, Inc. – Fixed Income Structure Education and Benchmark Review

 

 

 

 

 

 

14.

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

 

 

 

 

 

 

15.

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

 

 

 

 

 

 

16.

Presentation by StepStone Group – 2020 First Quarter Private Equity Portfolio Performance Report

 

 

 

 

 

 

17.

Presentation by StepStone Group – 2020 First Quarter Real Estate Performance Report

 

 

 

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 18, 2020.