STATE COMPENSATION INSURANCE FUND
BOARD OF DIRECTORS
Investment Committee
December 10, 2015
12 noon
Or Upon Adjournment or Recess of the
Governance Committee Meeting, Whichever is Later
State Compensation Insurance Fund
333 Bush Street, 7th floor
San Francisco, CA 94104
COMMITTEE MEMBERS
Sen. Michael J. Machado (Ret.), Chair
Marvin P. Kropke
Jack L. Neureuter
Scott K. Reid
William M. Zachry
| OPEN SESSION | December 10, 2015 @ 12 noon |
|
| Action/Michael Machado | 1. | Call to Order and Roll Call |
| Action/Michael Machado | 2. | Antitrust Admonition |
| Action/Michael Machado | 3. | Consent Calendar1 |
a. |
Approval of August 18, 2015 Open Meeting Minutes | |
b. |
Review and Approval of 2016 Investment Committee Meeting Schedule and Location | |
c. |
Review and Approval of 2016 Investment Committee Agenda Items | |
d. |
Approval of Investment Transactions | |
i. |
Bond Transactions | |
ii. |
Compliance Report | |
| Information/Wellington Management Company | 4. | Market Outlook and Economic Update |
| Information/Michael Machado | 5. | Public Comment on Appropriateness of Closed Session for Items 7, 9 and 10. |
| Information/Michael Machado | 6. | Public Comment |
| CLOSED SESSION | ||
| Information/Wellington Management Company | 7. | Investment Manager’s Investment Strategy [Government Code Section 11126(j)(4)] |
| Action/Michael Machado | 8. | Approval of August 18, 2015 Closed Meeting Minutes |
| Information/Peter Guastamachio | 9. | Portfolio Performance Results [Government Code Section 11126(j)(4)] |
| Information/Michael Machado and Peter Guastamachio | 10. | Financial and Investment Considerations Related to the Strategic Plan [Government Code Section 11126(j)(4)] |
a. |
Summary of Trade Activity and Selection Process | |
| OPEN SESSION | 1:30 pm or upon adjournment or recess of the Closed Session, whichever is later | |
| Action/Michael Machado | 11. | Call to Order and Roll Call |
| Information/Michael Machado | 12. | Committee Member Presentations |
| Information/Michael Machado | 13. | Proposals and Suggestions for February 18, 2016 Agenda |
| Next Committee Meeting: February 18, 2016 at State Fund Corporate Office, 333 Bush Street, San Francisco, CA | ||
|
1Items on the Investment Committee Consent Calendar include routine actions and will be enacted by one motion and one vote. There will be no separate discussion of these items unless a Committee Member or the public so requests. It is in the Committee’s discretion to remove items from the Investment Committee Consent Calendar. Any item removed from the Consent Calendar will be considered in its normal sequence on the agenda. If you wish to have an item removed from the Consent Calendar, please submit a speaker card or make your request at the time the Committee Chairperson asks if any member of the public wishes to remove an item from consent. After an item, if any, removed from the Consent Calendar has been discussed, the Committee will vote to approve all items remaining on the Consent Calendar. 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 the 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. |
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