Agenda
[3:20]
Roll Call.
[3:55]
Pledge of Allegiance.
[4:13]
Public Communications. The Board encourages the participation of the public, Members, beneficiaries, and/or representatives. If you wish to address the Board on a subject not included as an item on today's agenda, you may do so during the Public Communications portion of the agenda. If you wish to address the Board on a specific agenda item, you may do so at the time that agenda item is taken up by the Board. If you wish to speak to the Board, please fill out a Speaker's Slip located at the back of the Board Room. You will be called on by the Board Chair at the appropriate time during the agenda. When addressing the Board, please state your name for the record prior to beginning your comments. Speaker comments are limited to five (5) minutes.
[4:24]
Approval of the April 20, 2017 Board Meeting Minutes.
[4:53]
Introductory Remarks: David Wescoe, Chief Executive Officer
[5:33]
Consent Calendar. If you wish to address the Board on a Consent Calendar item, please fill out a Speaker's Slip located at the back of the Board Room. You will be called by the Board Chair at the appropriate time during the agenda. When addressing the Board, please state your name for the record prior to beginning your comments. Speakers will be limited to five (5) minutes.
[46:18]
Chief Executive Officer’s Report: David Wescoe
[59:36]
Chief Benefits Officer’s Report: Jim Lery
[1:04:29]
Chief Financial Officer’s Report: Greg Bych
[1:05:49]
Chief Legal Officer’s Report: Elaine Reagan
[1:06:59]
San Diego County Offset Elimination, and Wage and Flexible Benefits Increase: Greg Bych, Chief Financial Officer
[1:08:07]
Review and Adoption of Board Policies: Elaine Reagan, Chief Legal Officer
[1:24:17]
Investment Division Reports: Stephen Sexauer, Chief Investment Officer Mr. Sexauer gave an overview of the Investment Division agenda items and introduced Steve Voss and Mike Comstock of Aon Hewitt and Jim Moore of PIMCO.
[1:28:40]
CIO’s Staff Report.
[1:29:22]
Risk-Return Report.
[1:46:49]
CIO Markets Update.
[1:52:20]
October 2016 Private Equity Review.
[1:55:09]
Private Markets Research Update.
[2:02:40]
Private Markets Models.
[2:10:36]
Private Markets Investment Approval Process.
[2:11:18]
Recommendation to Adopt Underwriting Model for Private Markets Allocations.
[2:26:55]
SDCERA Trust Fund Risk-Return and Capital Markets Assumptions.
[2:30:35]
PIMCO Risk-Return Analysis.
[3:01:22]
Aon-Hewitt Risk-Return Analysis.
[3:12:11]
Seminars and Conferences.
[3:12:17]
Information Items.
[3:12:21]
Future Agenda Items/Matters to be Referred to Staff.
[3:13:10]
Adjournment.