STATE COMPENSATION INSURANCE FUND
BOARD OF DIRECTORS
Investment Committee
March 17, 2011
12 Noon
Benicia Room, Milton Marks Conference Center
455 Golden Gate Avenue
San Francisco, CA 94102
COMMITTEE MEMBERS
Sen. Michael J. Machado (Ret.) (Chair)
Donald E. Garcia
Thomas E. Rankin
Francis E. Quinlan, Alternate
| OPEN SESSION | 12 Noon | |
| Action/Michael J. Machado | 1. | Call to Order and Roll Call |
| Action/Michael J. Machado | 2. | Approval of January 20, 2011 Open Meeting Minutes |
| Attachment | ||
| Action/Stephanie Chan | 3. | Approval of Investment Transactions |
a. |
Bond Transactions | |
| Attachment | ||
b. |
Compliance Report | |
| Attachment | ||
| Information/Standard & Poors | 4. | Municipal Bonds Market Outlook |
| Information/ Conning Asset Management, Rich Sega, Paul Mansour |
5. | Market Outlook/Economic Update |
| Attachment | ||
| Action/Michael J. Machado | 6. | Public Comment on Appropriateness of Closed Session for Items 9 through 11. |
| Information | 7. | Public Comment |
| CLOSED SESSION | ||
| Action/Michael J. Machado | 8. | Approval of January 20, 2011 Closed Meeting Minutes |
| Information/Peter Guastamachio | 9. | Investment Strategy - Portfolio Strategy and Review [Government Code section 11126(j)(4)] |
| Information/ Conning Asset Management, Rich Sega, Paul Mansour |
10. | Investment Manager’s Report [Government Code section 11126(j)(4)] |
| Information/Peter Guastamachio and Conning Asset Management, Rich Sega |
11. | Financial and Investment Considerations Related to the Strategic Plan |
| OPEN SESSION | 1:45 p.m. or upon adjournment or recess of the Closed Session, whichever is later | |
| Action/Michael J. Machado | 12. | Call to Order and Roll Call |
| Information | 13. | Committee Member Presentations (Oral) |
| Information/Michael J. Machado | 14. | Proposals and Suggestions for May 12, 2011 Agenda |
| Next Committee Meeting May 12, 2011 | ||
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.
