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 February 16, 2021
Open Session
9:15 a.m.
Or upon adjournment or Recess of the Board Closed Session – Whichever is later
- Item
- Call to Order and Roll Call (PDF)
- Election of the Investment Committee Chair and Vice Chair
Closed Session
Upon Adjournment or Recess of Open Session (Government Code sections 11126(a)(1), (c)(16) and (e))
- Item
- Call to Order and Roll Call
- Information Items — Total Fund
- Global Equity BenchmarkSteve Carden
- Private Equity Strategic ReviewGreg Ruiz
Open Session
Upon Adjournment or Recess of Closed Session – Whichever is later
- Item
- Call to Order and Roll Call (PDF)
- Approval of the February 16, 2021 Investment Committee Timed Agenda (PDF)
- Executive Report — Interim Chief Investment Officer Briefing (This item will be presented verbally at the meeting.)Dan Bienvenue
- Action Consent ItemDan Bienvenue
- Information Item — Total Fund
- Financial Markets and Economics Update (PDF)Lauren Rosborough Watt
- Information Item — Foundational Elements of Asset Liability Management
- Asset Liability Management: Timeline, Concepts, and Framework (PDF)Sterling Gunn, Christine Reese
- Public Comment
Notes
- Items designated for Information are appropriate for Committee Action if the Committee wishes to take action. Any Agenda Item from a properly noticed Committee meeting may be considered by the Board at a subsequent Board meeting.
- 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.
- Public comment may be taken on agenda items in accordance with applicable law. There is a three-minute limitation on each public comment, unless otherwise directed by the Presiding Officer. (Cal. Code Regs. tit. 2, § 552.1.) Members of the public may provide public comment via telephone by calling (800) 259-4105.
- In accordance with Executive Orders N-29-20, N-33-20, and the stay-at-home orders and social distancing measures put in place throughout California, Board members will participate via videoconference.
Location
CalPERS HeadquartersRobert 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.