STATE COMPENSATION INSURANCE FUND
BOARD OF DIRECTORS
Investment Committee
May 12, 2011
12 Noon
Omni San Francisco Hotel
Russian Hill Room – 2nd Floor
500 California Street
San Francisco, CA 94104
COMMITTEE MEMBERS
Sen. Michael J. Machado (Ret.), Chair
Donald E. Garcia
Scott K. Reid
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 March 17, 2011 Open Meeting Minutes |
| Attachment | ||
| Action/Stephanie Chan | 3. | Approval of Investment Transactions |
a. |
Bond Transactions | |
| Attachment | ||
b. |
Compliance Report | |
| Attachment | ||
| Information/Peter Guastamachio | 4. | Market Outlook/Economic Update |
| Attachment | ||
| Action/Michael Machado | 5. | Investment Committee Charter |
| Information/Peter Guastamachio | 6. | Investment Training Topics |
| Attachment | ||
| Action/Michael J. Machado | 7. | Public Comment on Appropriateness of Closed Session for Items 10 through 12. |
| Information | 8. | Public Comment |
| CLOSED SESSION | ||
| Action/Michael J. Machado | 9. | Approval of March 17, 2011 Closed Meeting Minutes |
| Information/Peter Guastamachio | 10. | Investment Strategy - Portfolio Strategy and Review [Government Code section 11126(j)(4)] |
| Information/Peter Guastamachio | 11. | Annual Review of Investment Manager’s Results |
| Information/Peter Guastamachio | 12. | 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 | 13. | Call to Order and Roll Call |
| Information | 14. | Committee Member Presentations (Oral) |
| Information/Michael J. Machado | 15. | Proposals and Suggestions for July 14, 2011 Agenda |
| Next Committee Meeting July 14, 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.
