BOARD OF ADMINISTRATION

OF THE

WATER AND POWER EMPLOYEES' RETIREMENT PLAN

 

REGULAR MEETING AGENDA

 

NOVEMBER 14, 2018 - 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 November 14, 2018, 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.

 


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 Minutes

a)  September 26, 2018, Regular Meeting

b)  September 26, 2018, Special Meeting

c)  October 24, 2018, Regular Meeting

 

 

19-33

 

2.

Termination of Monthly Allowance from the October 2018 Retirement Roll

 

 

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

 

 

 

3.

Report of Payment Authorizations

a)  September 2018

b)  October 2018

 

 

 

4.

Notice of Deaths for September 2018

 

 

 

5.

Investment Reports for September 2018

a)  Summary of Investment Returns as of September 30, 2018

b)  Market Value of Investments by Fund and Month as of September 30, 2018

c) Market Value of the Retirement, Death, and Disability Funds and Retiree Health Care Fund as   of September 30, 2018

 

 

 

6.

Summary of Contract Expirations for October 2018

 

 

 

7.

Report on Status of Insurance for October 2018

 

 

 

8.

Articles of Interest

 

 

 

9.

Retirement Plan Office 2019 Annual Schedules

a) Board of Administration of the Water and Power Employees' Retirement Plan - 2019 Schedule of Regular Meetings

b) Board of Administration of the Water and Power Employees' Retirement Plan - 2019 Schedule of Annual Reports

c) Water and Power Employees' Retirement Plan - 2019 Calendar of Retirement Seminars

d) Water and Power Employees' Retirement Plan - 2019 Calendar of Retirement Deadlines

 

 

 

10.

Report on Real Estate Investment in Brookfield Premier Real Estate Partners, L.P.

 

 

 

11.

Report on Real Estate Investment in USAA Eagle Real Estate Fund

 

 

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

 

 

 

12.

Investment Reports for August 2018

a)  Summary of Investment Returns as of August 31, 2018

b)  Market Value of Investments by Fund and Month as of August 31, 2018

c) Market Value of the Retirement, Death, and Disability Funds and Retiree Health Care Fund as of August 31, 2018

 

 

CLOSED SESSION (Items for discussion and action by the Board)

 

Reso

 

 

19-34

13.

CLOSED SESSION - PURSUANT TO GOVERNMENT CODE SECTION 54956.81 to Consider the Purchase of One Particular, Specific Pension Fund Investment; and Possible Action

 

 

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

 

Reso

 

 

19-35

14.

Status of Recommendations from the 2017 Management Audit; and Possible Action

 

19-36

15.

Discussion of Contract Extension for JP Morgan Investment Management, Inc., Principal Protection; and Possible Action

 

19-37

16.

Discussion of Contract Extension for Western Asset Management Company, Global Inflation-Linked Securities; and Possible Action

 

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

 

 

 

17.

Annual Presentation by Blackrock Institutional Trust Company - International Developed Passive Equity Manager

 

 

18.

Annual Presentation by FIAM, LLC - International Developed Growth Equity Manager

 

 

19.

Annual Presentation by MFS Institutional Advisors - International Developed Value Equity Manager

 

 

20.

Annual Presentation by Blackstone - Hedge Fund of Funds Manager

 

 

21.

Presentation by StepStone Real Estate - 2018 Second Quarter Real Estate Portfolio Performance

 

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 November 9, 2018.