STATE COMPENSATION INSURANCE FUND
BOARD OF DIRECTORS
Investment Committee
November 17, 2011
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 | November 17, 2011 @ 12:00 p.m. |
|
| Action/Michael J. Machado | 1. | Call to Order and Roll Call |
| Action/Michael J. Machado | 2. | Approval of September 14, 2011 Open Meeting Minutes Attachment |
| Action/Stephanie Chan | 3. | Approval of Investment Transactions |
a. |
Bond Transactions Attachment |
|
b. |
Compliance Report Attachment |
|
| Information/Michael J. Machado | 4. | Public Comment on Appropriateness of Closed Session for Items 7 through 13. |
| Information/Michael J. Machado | 5. | Public Comment |
| CLOSED SESSION | ||
| Action/Michael J. Machado | 6. | Approval of September 14, 2011 Closed Meeting Minutes |
| Information/New England Asset Management | 7. | Strategic Outlook and Review of Banking and Brokerage Sector |
| Information/Peter Guastamachio | 8. | Review of the Investment Portfolio Performance for the Most Recent Period and Review of Performance Benchmark |
Action/Pete Guastamachio |
9. | Evaluation and Selection of Investment Managers |
Information/Pete Guastamachio and Stephanie Chan |
10. | Update on RFP for Investment Accounting [Government Code Section 11126(j)(4)] |
| Action/Michael J. Machado and Peter Guastamachio | 11. | Approval of 2012 Agenda Items and Schedule [Government Code Section 11126(j)(4)] |
| Information/David Freitas | 12. | Pending and Potential Litigation [Government Code sections 11126(e), (j)(4)] |
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 | |
| Information/Michael J. Machado and Peter Guastamachio |
13. | Financial and Investment Considerations related to the Strategic Plan |
| OPEN SESSION | 1:10 p.m. or upon adjournment or recess of the Closed Session, whichever is later | |
| Action/Michael J. Machado | 14. | Call to Order and Roll Call |
| Information | 15. | Committee Member Presentations (Oral) |
| Information/Michael J. Machado | 14. | Proposals and Suggestions for February 16, 2012 Agenda |
| Next Committee Meeting February 16, 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. | ||
