March 18, 2020 10:00 a.m.
Item 1 – Call to Order – No Materials
Item 2 – Public Comment – No Materials
Item 3A – Freitas, Jorge. – Staff recommendation dated March 18, 2020 (confidential)
Item 3B – Green, Jaime. – Staff recommendation dated March 18, 2020 (confidential)
Item 3C – Palomino, Aurelia. – Staff recommendation dated March 18, 2020 (confidential)
Item 3D – Reference: General Law and Authorized Board Actions on Disability Retirement Proposed Decisions
Item 4 – Minutes of the February 19, 2020 Regular Meeting
Item 5 – Ratification of Service Retirement Application Approvals – February 2020
Item 6 – State Association of County Retirement Systems Legislative Update – March 2020
Item 7 – Technical Updates to Investment Policy Statements
Item 8 – Monthly Investment Manager Activity, Compliance and Watch List Report – February 2020
Item 9 – Monthly Report of New Investment Activity – February 2020
Item 10 – Chief Executive Officer’s Report – No Materials
Item 11 – Chief Investment Officer’s Report – No Materials
Item 12 – UC Davis Medical Center Pension
Staff to recommend Board authorize the Chief Executive Officer to execute a funding agreement with UC Davis Medical Center regarding outstanding pension obligations. Deliberation and action.
Item 13 – CEO Delegated Authority Policy for
Staff to recommend Board approve proposed revisions to CEO Delegated Authority Policy for Expenses. Deliberation and action.
Item 14 – Actuarial Services Contract
Staff to recommend extending Segal actuarial services contract through December 31, 2023. Deliberation and action.
Item 15 – Post-Retirement Employment
Staff to recommend Board approve technical and clarifying updates to the Post-Retirement Employment Policy. Deliberation and action.
Item 16 – Quarterly Investment Performance Report –
Cliffwater, LLC to present the performance report for the periods ended December 31, 2019 for the Absolute Return portfolio, and the period ended September 30, 2019 for the Private Equity, Private Credit, Real Assets, and Opportunities portfolios. Receive and file.
Item 17 – Quarterly Investment Performance Report –
Townsend Group to present the performance report on real estate investments for the quarter ended December 31, 2019. Receive and file.
Item 18 – Education: Fiduciary Care and Alternative
Staff and outside counsel to provide educational presentation and discussion of fiduciary duties and considerations when entering into alternative asset investment contracts. Receive and file.