June 15, 2022 10:00 a.m.

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Agenda

Open Session

Item 1 – Swearing In Ceremony – No Materials

Item 2 – Call to Order / Roll Call – No Materials

Item 3 - Public Comment – No Materials

Consent Matters

Item 4A - Lickiss, Steven. Staff recommendation dated June 15, 2022 (confidential)

Item 4B - Reference: General Law and Authorized Board Actions on Disability Retirement Proposed Decisions

Item 5 - Minutes of the May 18, 2022 Regular Meeting

Item 6 - Ratification of Service Retirement Application Approvals – May 2022

Item 7 - State Association of County Retirement Systems Legislative Update – June 2022

Item 8 - Monthly Report of New Investment Activity – May 2022

Executive Reports

Item 9 - Chief Executive Officer’s Report – No Materials

Item 10 - Chief Investment Officer’s Report – No Materials

Item 11 - Chief Benefit Officer’s Report – No Materials

Administrative Matters

Item 12Sacramento County 2022-23 Contribution Prepayment
Staff to recommend Board approve Sacramento County’s intent to prepay the employer contribution of the 2022-23 fiscal year.  Deliberation and action. 

Item 13Legal Contract Renewal
Staff to recommend Board authorize the Chief Executive Officer to renew a consolidated legal services contract with Nossaman LLP for a three-year term through June 30, 2025. Deliberation and action.

Investment Matters

Item 14 - Revised Investment Policy Statements
Staff to recommend Board approve revised Investment Policy Statements.  Deliberation and action.

Item 15 - Portfolio Analytics Services
Staff to recommend the Board award a contract to Burgiss to provide its Caissa portfolio analytics software services for a three-year period, and authorize the Chief Executive Officer to execute any documents necessary to effect the recommendation. Deliberation and action.

Item 16Global Equity Manager Search - Emerging Markets
Staff and Verus recommend the Board authorize initiating a manager search for the Emerging Markets segment of the International Equity sub-asset class within the Global Equity asset class. Deliberation and action.

Item 17Quarterly Investment Performance Report – Alternative Assets
Staff to recommend the Board receive and file the Cliffwater Quarterly Performance. Review presentation for the period ending March 31, 2022 for the Absolute Return portfolio, and the period ending December 31, 2021 for the Private Equity, Private Credit, and Real Assets portfolios. Receive and File.

Item 18Quarterly Investment Performance Report – Real Estate
Staff to recommend the Board receive and file the Quarterly Investment Performance Report – Real Estate. Receive and File.