CalPERS

Investment Committee Agenda

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 8 or higher to view.)

Meeting Agenda for October 13, 2014

8:30 a.m. - Closed Session

Or Upon Adjournment or Recess of Board Closed Session, Whichever is Later

Chief Investment Officer's Briefing on Market and Personnel Issues
(Government Code sections 11126(a)(1) and 11126(c)(16))

Investment Committee Closed Session with Consultants – Investment Strategies
(Government Code section 11126(c)(16))

9:00 a.m. - Open Session

Or Upon Adjournment or Recess of Closed Session, Whichever is Later

Closed Session

Upon Adjournment or Recess of Open Session
(Government Code section 11126(c)(16) and 11126(e))

Open Session

  1. Agenda Items
    1. Call to Order and Roll Call
    2. Executive Report - Chief Investment Officer Briefing (This item will be presented verbally at the meeting.) Ted Eliopoulos
    3. Consent Items
      Action Consent Items:Ted Eliopoulos
      1. Approval of Meeting Minutes
    4. Consent Items
      Information Consent Items:Ted Eliopoulos
      1. Annual Calendar Review
      2. Draft Agenda for the November 2014 Meeting
      3. Monthly Update – Performance and Risk
        1. Attachment 1
        2. Attachment 2
      4. Monthly Update– Investment Compliance
        1. Attachment 1
  2. Action Agenda Items
    1. Independent Oversight
      1. Contracts Administration: Private Equity Investment Board Consultant Interview and Intent to Award (TIME CERTAIN 9:45 a.m.)Wylie Tollette
    2. Policy & Delegation
      1. Revision of Affiliate Funds PoliciesEric Baggesen
        1. Attachment 1
        2. Attachment 2
        3. Attachment 3
        4. Attachment 4
        5. Attachment 5
        6. Attachment 6
        7. Attachment 7
      2. Revision of the Global Equity Policy and Incorporation of Corporate Governance Program and Developmental Investment Fund PoliciesDan Bienvenue
        1. Attachment 1
        2. Attachment 2
        3. Attachment 3
        4. Attachment 4
      3. Revision of the Global Equity Delegation Resolution for Professional StaffDan Bienvenue, Carol Moody
        1. Attachment 1
        2. Attachment 2
    3. Organizational System & Controls
      1. Contracts Administration: Extension of Existing Investment Manager AgreementsWylie Tollette, Carol Moody
        1. Attachment 1
        2. Attachment 2
      2. Contracts Administration: Extension of Current Master Custodian AgreementWylie Tollette, Carol Moody
  3. Information Agenda Items
    1. Program Reviews
      1. Global Fixed Income Programs Annual ReviewCurtis Ishii, Kevin Winter
        1. Attachment 1
        2. Attachment 2
      2. Consultant Review of Global Fixed Income ProgramsJulia Bonafede, Andrew Junkin, Wilshire Associates Consulting
        1. Attachment 1
      3. Consultant Review of Focus List Program PerformanceJulia Bonafede, Andrew Junkin, Wilshire Associates Consulting
        1. Attachment 1
    2. Public Comment

Closed Session

Upon Adjournment or Recess of Open Session
(Government Code section 11126(c)(16) and 11126(e))

  1. Agenda Items
    1. Call to Order and Roll Call
    2. Consent Items
      Action Consent Items:Ted Eliopoulos
      1. Approval of Meeting Minutes
    3. Consent Items
      Information Consent Items:Ted Eliopoulos
      1. Closed Session Activity Reports
        1. Status of Action Items Not Yet Reported
        2. Items Completed Under Delegated Authority
        3. Disclosure of Placement Agent Fees: Proposed Investments
        4. Investment Proposal Status Reports
  2. Information Agenda Items
    1. Total Fund
      1. Global Governance Program Corporate Engagement Strategy - 2014 Focus List ProgramDan Bienvenue, Anne Simpson
    2. External Manager and Investment Decision Updates
      1. Private EquityRéal Desrochers
      2. Real AssetsTom McDonagh
      3. Global EquityDan Bienvenue
      4. Global Fixed Income ProgramsCurtis Ishii
      5. Absolute Return Strategies ProgramCurtis Ishii
      6. OpportunisticTed Eliopoulos

Notes

  1. Items designated for information are appropriate for Committee action if the Committee wishes to take action.
  2. The hour designated as the earliest starting time for this meeting is not intended to communicate the expected duration (or ending time) of the preceding meeting.
  3. Public comment may be taken on any Agenda item. There is a 3 minute limitation on each public comment unless otherwise directed by the Committee Chair.

Dated: 10-20-2014