STATE COMPENSATION INSURANCE FUND
BOARD OF DIRECTORS
Investment Committee
November 14, 2013
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
Marvin Kropke
Scott K. Reid
Francis E. Quinlan
| OPEN SESSION | Thursday, November 14, 2013 @ 12:00 Noon |
|
| Action/Michael Machado | 1. | Call to Order and Roll Call |
| Action/Michael Machado | 2. | Antitrust Admonition |
| Action/Michael Machado | 3. | Approval of August 14, 2013 Open Meeting Minutes |
| Action/Stephanie Chan | 4. | Approval of Investment Transactions |
a. |
Bond Transactions | |
b. |
Compliance Report | |
| Information/Dante Robinson and Stephanie Chan |
5. | Report on Investment Audits |
| Information/General-Re New England Asset Management |
6. | Market Outlook and Economic Update |
a. |
Continuing Fiscal Uncertainty in Washington and the Impact on the Investment Markets | |
b. |
Peer Analysis on 2012 Investment Results for Workers Compensation Industry | |
| Information/Michael Machado | 7. | Public Comment on Appropriateness of Closed Session for Items 10 through 13. |
Information/Michael Machado |
8. | Public Comment |
| CLOSED SESSION | ||
| Action/Michael Machado | 9. | Approval of August 14, 2013 Closed Meeting Minutes |
| Action/Michael Machado | 10. | Review and Approval of 2014 Investment Committee Agenda Items and 2014 Investment Committee Schedule [Government Code Section 11126(j)(4)] |
| Information/General-Re New England Asset Management |
11. | Investment Manager’s Investment Strategy [Government Code Section 11126(j)(4)] |
Information/ |
12. | Portfolio Performance Results [Government Code Section 11126(j)(4)] |
Information/Michael Machado |
13. | Financial and Investment Considerations Related to the Strategic Plan [Government Code Section 11126(j)(4)] |
a. |
Review of Investment Policy Statement and Guidelines | |
b. |
Strategic Considerations Relating to Peer Analysis | |
c. |
3-Year Cash Flow Update | |
d. |
Selection of Investment Managers Update | |
| OPEN SESSION | 1:15 pm or upon adjournment or recess of the Closed Session, whichever is later | |
| Action/Michael Machado | 14. | Call to Order and Roll Call |
| Action/Michael Machado | 15. | Approval of Investment Policy Statement and Guidelines |
| Information | 16. | Committee Member Presentations |
| Information/Michael Machado | 17. | Proposals and Suggestions for February 20, 2014 Agenda |
| Next Committee Meeting: February 20, 2014 at State Fund Corporate Office, 333 Bush, San Francisco, CA | ||
| 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. | ||
