STATE COMPENSATION INSURANCE FUND
BOARD OF DIRECTORS
Investment Committee
February 16, 2012
12:00 Noon
State Compensation Insurance Fund Office
333 Bush Street, 7th floor
San Francisco, CA 94104
COMMITTEE MEMBERS
Sen. Michael J. Machado (Ret.), Chair
Donald E. Garcia
Scott K. Reid
Francis E. Quinlan (Alternate)
OPEN SESSION | February 16, 2012 @ 12:00 p.m. |
|
Action/Michael J. Machado | 1. | Call to Order and Roll Call |
Action/Michael J. Machado | 2. | Approval of November 17, 2011 Open Meeting Minutes Attachment |
Action/Stephanie Chan | 3. | Approval of Investment Transactions |
a. |
Bond Transactions Attachment |
|
b. |
Compliance Report Attachment |
|
Action/ Peter Guastamchio |
4. | Approval of Investment Guidelines Attachment |
Information/Conning Asset Management | 5. | Economic and Investment Outlook Attachment |
Information/Michael Machado |
6. | Public Comment of Appropriateness of Closed Session for Items 9 through 16. |
Information/Michael Machado | 7. | Public Comment |
CLOSED SESSION | ||
Action/Michael J. Machado | 8. | Approval of November 17, 2011 Closed Meeting Minutes |
Information/Conning Asset Management | 9. | Investment Manager’s Investment Strategy [Government Code Section 11126(j)(4)] |
Information/Peter Guastamachio | 10. | Portfolio Performance Results [Government Code Section 11126(j)(4)] |
Information/Brian Watson | 11. | Update on Legislation Affecting the Portfolio [Government Code Section 11126(j)(4)] |
Information/Peter Guastamachio | 12. | Update on Selection of Investment Managers [Government Code Section 11126(j)(4)] |
Information/Peter Guastamachio | 13. | Update on Investment Accounting RFP [Government Code Section 11126(j)(4)] |
Information/Peter Guastamachio | 14. | Update on Working Capital Management [Government Code Section 11126(j)(4)] |
Information/Peter Guastamachio | 15. | Preliminary Results of Feasibility Study Regarding Bonds [Government Code Section 11126(j)(4)] |
Information/Michael Machado and Peter Guastamachio |
16. | Financial and Investment Considerations Related to the Strategic Plan [Government Code Section 11126(j)(4)] |
OPEN SESSION | 1:30 p.m. or upon adjournment or recess of the Closed Session, whichever is later | |
Action/Michael J. Machado | 17. | Call to Order and Roll Call |
Information | 18. | Committee Member Presentations (Oral) |
Information/Michael J. Machado | 19. | Proposals and Suggestions for May 17, 2012 Agenda |
Next Committee Meeting May 17, 2012 | ||
Note: Items designated for information are appropriate for Board/Committee action if the Board/Committee wishes to take action. Any agenda item from a properly noticed Committee meeting held immediately prior to this Board meeting may be considered by the Board. Agenda items may be taken out of order with the approval of the Chairperson. Public comment will be limited to three (3) minutes per speaker and ten (10) minutes per subject item. |