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 September 15, 2015

8:45 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 (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

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 the August 17, 2015 Investment Committee Meeting Minutes
    4. Consent Items
      Information Consent Items:Ted Eliopoulos
      1. Annual Calendar Review
      2. Draft Agenda for the October 19, 2015 Investment Committee Meeting
      3. Monthly Update – Performance and Risk
        1. Attachment 1
        2. Attachment 2
      4. Monthly Update – Investment Compliance
        1. Attachment 1
      5. Federal Investment Policy Representative Update
        1. Attachment 1
  2. Action Agenda Items
    1. Independent Oversight
      1. Contracts Administration: Real Estate Board Investment Consultant RFP Initiation Wylie Tollette
        1. Attachment 1
        2. Attachment 2
        3. Attachment 3
        4. Attachment 4
  3. Information Agenda Items
    1. Total Fund
      1. Investment Beliefs Implementation FindingsTed Eliopoulos, Wylie Tollette, Ann Simpson
        1. Attachment 1
        2. Attachment 2
      2. CalPERS Consultant Public Fund Universe Comparison ReportAndrew Junkin, Julia Bonafede, Wilshire Associates Consulting
        1. Attachment 1
    2. Program Reviews
      1. Corporate Engagement: Enhanced Focus List StrategyAnne Simpson, Dan Bienvenue, Craig Rhines
        1. Attachment 1
      2. Global Equity Annual Program ReviewDan Bienvenue
        1. Attachment 1
        2. Attachment 2
      3. Consultant Review of Global Equity ProgramAndrew Junkin, Julia Bonafede, Wilshire Associates Consulting
        1. Attachment 1
    3. Policy & Delegation
      1. Proposed Revision of Global Equity Policies – Initial ReviewDan Bienvenue, Wylie Tollette
        1. Attachment 1
        2. Attachment 2
        3. Attachment 3
    1. Strategic Plan
      1. Investment Strategic MeasuresTed Eliopoulos, Wylie Tollette
        1. Attachment 1
        2. Attachment 2
    2. Public Comment

Closed Session

Upon Adjournment or Recess of Open Session
(Government Code sections 11126(a)(1), (c)(16), and (e))

  1. Agenda Items
    1. Call to Order and Roll Call
    2. Consent Items
      Action Consent Items:Ted Eliopoulos
      1. Approval of the August 17, 2015 Investment Committee 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. Corporate Engagement: Focus List StrategyAnne Simpson, Dan Bienvenue, Craig Rhines
    2. External Manager and Investment Decision Updates
      1. Private EquityRéal Desrochers
      2. Real AssetsPaul Mouchakkaa
      3. Global EquityDan Bienvenue
      4. Global Fixed Income ProgramsCurtis Ishii
      5. OpportunisticTed Eliopoulos
    3. Personnel, Employment and Performance – Chief Investment Officer

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.


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.