The CalPERS Board of Administration considers recommendations from individual Board committees and hears other matters related to the administration of retirement benefits and investment management.

(Agenda items are provided in a PDF format, which require Adobe Reader 8 or higher to view.)

Hyatt Regency Santa Rosa, Santa Rosa, CA
Alexander Valley Ballroom I & II

AGENDA – DAY ONE
MONDAY, JULY 15, 2019

8:30 A.M. - Welcome/Opening

  1. Henry Jones, President, CalPERS Board of Administration
    Marcie Frost, Chief Executive Officer, CalPERS

8:45 A.M. - Swearing-In Ceremony for New Board Member

9:00 A.M. - Introduction (PDF)

  1. Presenter
    Yu (Ben) Meng, Chief Investment Officer, CalPERS

9:05 A.M. - Fireside Chat – Geopolitical Challenges and Opportunities for Long-Term Investors (PDF)

  1. Moderator
    Yu (Ben) Meng, Chief Investment Officer, CalPERS
  1. Presenter (PDF)
    General David H. Petraeus, (US Army, Ret.), Chairman, KKR Global Institute and Former Director of the Central Intelligence Agency

10:35 A.M. - Break

10:50 A.M. - Perspectives on Infrastructure Investing (Board Education) (PDF)

  1. Moderator
    Paul Mouchakkaa, Management Investment Director, CalPERS
  1. Presenters (PDF)
    Adebayo "Bayo" Ogunlesi, Chairman and Managing Partner, Global Infrastructure Partners
    Ross Israel, Head of Global Infrastructure – Investments, QIC
  1. PowerPoint Presentation
    Perspective on Infrastructure Investing (PDF)

12:00 P.M. - Lunch Break

1:00 P.M. - The Essentials of a Successful Emerging Manager Program (Board Education) (PDF)

  1. Moderator
    Clint Stevenson, Investment Director, CalPERS
  1. Presenters (PDF)
    Maria Stamolis, Co-Head of Real Estate & Director – Asset Management, Canyon Partners
    Victor L. Hymes, Chief Executive Officer and Chief Investment Officer, Legato Capital Management, LLC
    Tony Ryan, Partner, President and Chief Executive Officer, ArrowStreet Capital
  1. PowerPoint Presentation
    The Essentials of a Successful Emerging Manager Program (PDF)

2:30 P.M. - Break

2:45 P.M. - Disruption and the Future of Health Care Technology (Board Education) (PDF)

  1. Moderator
    Sarah Corr, Interim Managing Investment Director, CalPERS
  1. Presenters (PDF)
    Andrew Lo, Charles E. and Susan T. Harris, Professor at the MIT Sloan School of Management, Director of MIT’s Laboratory for Financial Engineering, and Principal Investigator at MIT’s Computer Science and Artificial Intelligence Laboratory
    Peter Francis, Managing Director, Summit Partners
    Dan Mendelson, Operating Partner – Healthcare Investments, Welsh, Carson, Anderson & Stowe

3:45 P.M. - Chief Investment Officer - 180 Day Update (PDF)

  1. Presenter
    Yu (Ben) Meng, Chief Investment Officer, CalPERS
  1. PowerPoint Presentation
    Chief Investment Officer - 180 Day Update (PDF)

4:15 P.M. - Closed Session – Personnel, Employment, Performance and Investment Strategy
(Government Code Sections 11126(a)(1), (c)(16), and (e))

5:00 P.M. - Adjourn Offsite

Hyatt Regency Santa Rosa, Santa Rosa, CA
Alexander Valley Ballroom I & II

AGENDA – DAY TWO
TUESDAY, JULY 16, 2019

8:30 A.M. - Welcome/Opening

  1. Henry Jones, President, CalPERS Board of Administration
    Marcie Frost, Chief Executive Officer, CalPERS

8:45 A.M. - California's Changing Marketplace from the Perspective of Purchasers (Board Education) (PDF)

  1. Moderator
    David Cowling, Assistant Division Chief, Health Innovation and Pilot Performance Section, CalPERS
  1. Presenters (PDF)
    Suzanne Delbanco, Executive Director, Catalyst for Payment Reform
    David Lansky, PhD, Senior Advisor and Former CEO, Pacific Business Group on Health
    Bill Scott, Principal, Mercer
  1. PowerPoint Presentation
    California's Changing Marketplace from the Perspective of Purchasers (PDF)
  1. Background Information
    Payment Methods and Benefit Designs: How They Work and How They Work Together to Improve Health Care; and Accountable Care Organizations – Integrated Delivery Systems (PDF)

10:15 A.M. - Break

10:30 A.M. - Accountable Care Organizations: A Brief Overview and Evaluation (PDF)

  1. Moderator
    Dr. Julia Logan, Chief Medical Officer, Clinical Programs and Appeals, CalPERS
  1. Presenters (PDF)
    Cheryl Damberg, PhD, RAND Distinguished Chair in Health Care Payment Policy and Professor at the Pardee RAND Graduate School
    David Cowling, Assistant Division Chief, Health Innovation and Pilot Performance Section, CalPERS
  1. PowerPoint Presentation
    Accountable Care Organizations: A Brief Overview and Evaluation (PDF)
  1. Background Information
    Payment Methods and Benefit Designs: How They Work and How They Work Together to Improve Health Care; and Accountable Care Organizations – Integrated Delivery Systems (PDF)

11:30 A.M. - The Cybersecurity Landscape (PDF)

  1. Moderator
    Christian Farland, Chief Information Officer, CalPERS
  1. Presenter (PDF)
    Joel Fulton, Chief Information Security Officer, Splunk
  1. PowerPoint Presentation
    The Cybersecurity Landscape (PDF)

12:30 P.M. - Lunch Break

1:30 P.M. - Strategic Plan Discussion (PDF)

  1. Moderator
    Sabrina Hutchins, Chief, Enterprise Strategy and Performance Division, CalPERS
  1. Presenters
    CalPERS Management
  1. PowerPoint Presentation
    Strategic Plan Discussion (PDF)

3:00 P.M. - Break

3:15 P.M. - Closed Session – Litigation Matters
(Government Code sections 11126(a)(1) and (e))

  • Sanchez, et al. v. CalPERS, et al., (Los Angeles County Superior Court, Case No. BC517444)

3:45 P.M. - Adjourn Offsite

Hyatt Regency Santa Rosa, Santa Rosa, CA
Alexander Valley Ballroom I & II

AGENDA – DAY THREE
WEDNESDAY JULY 17, 2019

8:30 A.M. - Welcome/Opening

  1. Henry Jones, President, CalPERS Board of Administration
    Marcie Frost, Chief Executive Officer, CalPERS

8:45 A.M. - Board Workstream Update: Benchmarking and Best Practices (PDF)

  1. Moderator
    Anne Simpson, Director, Board Governance and Strategy, CalPERS
  1. Presenter (PDF)
    Cari M. Dominguez, Faculty, National Association of Corporate Directors (NACD)
  1. PowerPoint Presentation
    Board Workstream Update: Benchmarking and Best Practices (PDF)

10:45 A.M. - Closed Session – Personnel, Employment, Performance and Investment Strategy
(Government Code Sections 11126(a)(1), (c)(16), and (e))

11:15 A.M. - Adjourn Offsite



Location

CalPERS Headquarters
Robert F. Carlson Auditorium
Lincoln Plaza North
400 P Street
Sacramento, CA 95811

Parking
CalPERS Building Guide (PDF)

Security

For your safety, attendees are screened upon entering the auditorium.