June 17, 2020 10:00 a.m.


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Open Session

Item 1 – Call to Order – No Materials

Item 2 – Public Comment – No Materials

Consent Matters

Item 3A – Ali, Mohammed. Staff recommendation dated June 17, 2020 (confidential)

Item 3B – Baldo, Rose. Staff recommendation dated June 17, 2020 (confidential)

Item 3C – Chetner, Walter. Staff recommendation dated June 17, 2020 (confidential)

Item 3D – Engeldinger, Cheryl. Staff recommendation dated June 17, 2020 (confidential)

Item 3E – Gomez, Jacqueline. Staff recommendation dated June 17, 2020(confidential)

Item 3F – Stepanick, Andrew. Staff recommendation dated June 17, 2020(confidential)

Item 3G – Reference: General Law and Authorized Board Actions on Disability Retirement
Proposed Decisions

Item 4 – Minutes of the May 20, 2020 Regular Meeting

Item 5 – Ratification of Service Retirement Applications – May 2020

Item 6 – State Association of County Retirement Systems Legislative Update – June 2020

Item 7 – SACRS Board of Directors Election

Item 8 – Monthly Investment Manager Activity, Compliance, and Watch List Report – May 2020

Item 9 – Monthly Report of New Investment Activity – May 2020

Executive Reports

Item 10 – Chief Executive Officer’s Report – No Materials

Item 11 – Chief Investment Officer’s Report – No Materials

Administrative Matters

Item 12Sacramento County 2020-21 Contribution Prepayment
Staff to recommend Board approve Sacramento County’s intent to prepay the employer contribution for the 2020-21 fiscal year. Deliberation and action.

Item 13 – Amendment to Sacramento Metropolitan Fire District Funding Agreement
Staff recommends the Board determine that a “triggering event” has occurred regarding outstanding pension liabilities on behalf of North Highlands Fire District retirees and beneficiaries, and authorize the Chief Executive Officer to execute an amended agreement with the Sacramento Metropolitan Fire District to provide a funding mechanism to address the North Highlands Fire District pension liabilities. Deliberation and action.

Investment Matters

Item 14Quarterly Investment Performance Report – Alternative Assets
Cliffwater, LLC to present the performance report for the period ending March 31, 2020 for the Absolute Return portfolio, and the period ending December 31, 2019 for the Private Equity, Private Credit, Real Assets, and Opportunities portfolios. Receive and file.

Item 15Quarterly Investment Performance Report – Real Estate
Townsend Group to present the performance report on real estate investments for the quarter ending March 31, 2020. Receive and file.

Item 16Board Education: Global Markets Update
Mike Pyle, Global Chief Investment Strategist for BlackRock, Inc., to provide presentation on the macroeconomic environment. Receive and file.