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14-0327
| 1 | | | Item | There are no changes to the orders of the day. | | |
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Not available
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14-0320
| 1 | 1. | | Item | Approval of Minutes of the March 26, 2018 Police and Fire Investment Committee Meeting.
This item was deferred. | | |
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Not available
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14-0321
| 1 | 2. | | Item | Approval of Minutes of the March 26, 2018 Joint Investment Committee Meeting.
This item was deferred.
Trustee Gardanier arrived at 1:08pm | | |
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14-0322
| 1 | 3. | | Item | Presentation and discussion on Public Equity Program Strategy and Portfolio.
Investment Officer Christina Wang discussed the Plan’s public equity strategy and provided an update of the portfolio. Ms. Wang’s presentation included performance of the public equity managers, objective of the asset class, manager selection and monitoring process, as well as manager review process. She further reviewed the current priorities for the asset class.
Note & File | | |
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14-0323
| 1 | 4. | | Item | Discussion regarding manager watchlist.
Trustee Griarte stated that the Investment Committee/Board does not have a formalized process related to reviewing managers on the watchlist. She would like a better understanding of the process. CIO Prabhu Palani stated that staff treats every manager on a case by case basis. Staff reviews each manager to understand the reason for underperformance and determines if they still have conviction in that manager. Termination decisions are reported out to the IC/Board. | | |
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Not available
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14-0324
| 1 | 5. | | Item | 3rd Quarter 2018 Private Markets Report by Neuberger Berman
Note & File | | |
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14-0325
| 1 | 6. | | Item | 2019 Investment Committee Goals and Objectives.
Note & File | | |
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14-0326
| 1 | | | Item | The meeting was adjourned at 3:00 p.m.
APPROVED:
____________________________
Roberto L. Peña, CEO
Office of Retirement Services | | |
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