STATE COMPENSATION INSURANCE FUND
BOARD OF DIRECTORS
Investment Committee
September 14, 2011
4:00 p.m.
Napa Valley Marriott Hotel
Napa Valley Ballroom
3425 Solano Avenue
Napa, CA 94558
COMMITTEE MEMBERS
Sen. Michael J. Machado (Ret.), Chair
Donald E. Garcia
Scott K. Reid
Francis E. Quinlan (Alternate)
| OPEN SESSION | 4:00 p.m. | |
| Action/Michael J. Machado | 1. | Call to Order and Roll Call |
| Action/Michael J. Machado | 2. | Approval of July 14, 2011 Open Meeting Minutes Attachment |
| Action/Stephanie Chan | 3. | Approval of Investment Transactions |
a. |
Bond Transactions Attachment |
|
b. |
Compliance Report Attachment |
|
| Action/Michael J. Machado | 4. | Public Comment on Appropriateness of Closed Session for Items 7 through 11. |
| Information | 5. | Public Comment |
| CLOSED SESSION | ||
| Action/Michael J. Machado | 6. | Approval of July 14, 2011 Closed Meeting Minutes |
| Information/Peter Guastamachio | 7. | Evaluation Selection of Investment Managers |
| Information/Peter Guastamachio | 8. | Financial and Investment Considerations Related to the Strategic Plan |
| Information/Peter Guastamachio | 9. | Investment Strategy - Portfolio Review and Outlook |
| Information/David Freitas | 10. | Pending and Potential Litigation |
a. |
(Lehman Brothers bonds) State Compensation Insurance Fund vs. Richard Fuld, et al.; Multidistrict Litigation Case no. CAN/3:11-cv-02400, Southern District of New York | |
b. |
State Compensation Insurance Fund vs. Metropolitan West Securities, LLC and Wachovia Bank, N.A.; U.S. District Court, Northern District of California, Case No. 09-2959 | |
| Information/Michael J. Machado and Peter Guastamachio |
11. | Planning for 2012 Agenda Items |
| OPEN SESSION | 5:45 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 November 17, 2011 Agenda |
| Next Committee Meeting November 17, 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.
