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This committee reviews investment transactions, the investment performance of both internal and external managers, and establishes investment policy and strategy.
(Agenda items are provided in a PDF format, which require Adobe Reader 5 or higher to view.)
February 16, 2010
9:00 a.m.
Agenda
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| Closed Session |
9:00 a.m. |
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- Chief Investment Officer's Briefing on Market and Personnel Issues (Government Code sections 11126(a)(1) and 11126(c)(16))
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- Discussion with Board Consultants and Senior Investment Staff on Strategic Investment Initiatives (Government Code section 11126(c)(16))
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| Open Session |
9:30 a.m. or Upon Adjournment or Recess of Closed Session, Whichever is Later |
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| Closed Session |
Upon Adjournment or Recess of Open Session
(Government Code section 11126(c)(16) and 11126(e)) |
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| Open Session |
Agenda Item # |
Description |
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1. |
Call to Order and Roll Call |
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| Action |
2. |
Approval of the December 14, 2009 Open Session Minutes |
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3. |
Investment Policies |
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| Action / Policy Subcommittee Chair Jones |
a. |
December 2009 Policy Subcommittee Report |
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1) |
Revision of Policy on Alternative Investment Management (AIM) Program |
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2) |
Revision of Policy on Securities Lending |
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| Action / Ted Eliopoulos |
b. |
Approval of Neutrality Trial - Responsible Contractor Program Policy |
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Attachment 1 |
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4. |
Total Fund |
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| Information / Joseph Dear and Anne Simpson |
a.
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Environmental Programs Annual Update |
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Attachment 1 |
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Attachment 2 |
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Attachment 3 |
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Attachment 4 (1.1 MB) |
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| Information / Anne Simpson |
b. |
United Nations Principles for Responsible Investment – Survey Results |
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Attachment 1 |
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Attachment 2 Part 1 (1.7 MB) |
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Attachment 2 Part 2 (1.5 MB) |
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Attachment 2 Part 3 |
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| Action / Anne Simpson |
c. |
Annual Legislative Reports: Holocaust Era and Northern Ireland Annual Reports |
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Attachment 1 |
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Attachment 2 |
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Attachment 3 |
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Attachment 4 |
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Attachment 5 |
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Attachment 6 |
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Attachment 7 |
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Attachment 8 |
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| Information / Matt Flynn |
d. |
Master Custody Services |
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Attachment 1 |
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| Information / Joseph Dear |
e. |
Report of Disclosure of Placement Agent Fees |
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Attachment 1 |
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| Action / Farouki Majeed |
f. |
Asset Allocation Interim Policy Targets for 2010 |
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Attachment 1 |
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Attachment 2 |
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Attachment 3 |
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| Information / Farouki Majeed |
g. |
Proposed Asset Liability Management (ALM) Process and Timeline for 2010 |
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| Information / Farouki Majeed |
h. |
Discussion of Levered Asset Allocation Approach to Reduce Portfolio Risk |
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| Information |
5. |
Real Estate (There are no items to report.) |
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| Information |
6. |
Alternative Investments Management (AIM) |
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a. |
AIM Program Review |
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Attachment 1 |
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Attachment 2 |
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| Information |
7. |
Inflation-Linked Asset Class (ILAC) (There are no items to report.) |
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8. |
Global Fixed Income |
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| Information / Curtis Ishii |
a. |
Credit Enhancement Program Annual Review |
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Attachment 1 |
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| Information |
9. |
Global Equity (There are no items to report.) |
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10. |
Global Equity - Corporate Governance |
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| Information / Anne Simpson |
a. |
Financial Market Reform Update |
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| Information / Anne Simpson |
b. |
Merck and Pfizer AIDS Drugs Pricing Update |
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11. |
Affiliate Investment Programs Division |
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| Information / Geraldine Jimenez |
a. |
Affiliate Investment Programs Review Update |
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| Information / Geraldine Jimenez |
b. |
Long-Term Care Investment Performance Update |
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| Information / Joseph Dear |
12. |
Chief Investment Officer's / Chief Operating Investment Officer's Report |
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a. |
Consolidated Investment Activity Report |
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Attachment 1 |
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Attachment 2 |
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b. |
Chief Operating Investment Officer's Status Report |
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c. |
2010 Annual Agenda Item Calendar |
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| Information |
13. |
Draft Agenda for March 15, 2010 |
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14. |
Public Comment |
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Chief Investment Officer's / Assistant Executive Officer's Report — Supplemental Reporting Document |
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November 2009 Reporting Period |
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a.
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Asset Allocation Report, Performance Report, and California Investments |
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b.
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Activity Reports |
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c.
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Quarterly/Annual Reports - (There are no items to report.) |
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d.
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Investment Transactions |
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December 2009 Reporting Period |
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a.
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Asset Allocation Report, Performance Report, and California Investments |
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b.
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Activity Reports |
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c.
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Quarterly/Annual Reports |
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Part 1 |
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Part 2 |
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d.
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Investment Transactions |
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NOTE: Items designated for information are appropriate for Board/Committee action if the Board/Committee wishes to take action. Any agenda item from a properly noticed Subcommittee meeting held immediately prior to this meeting may be reported on or presented to the Investment Committee for its consideration. |
Board & Committee Meeting Calendar & Agendas
