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NOTICE OF RESULTS
CITY OF PHOENIX EMPLOYEES’ RETIREMENT BOARD
INVESTMENT COMMITTEE

 

Pursuant to A.R.S. Section 38-431.02, notice is hereby given to the members of the CITY OF PHOENIX EMPLOYEES’ RETIREMENT BOARD, INVESTMENT COMMITTEE and to the general public, that the INVESTMENT COMMITTEE held a meeting open to the public on, August 27, 2008, at 9:00 a.m. located in the Subcommittee Room, 2^nd Floor, Historic City Hall, 17 South 2^nd Avenue, Phoenix, Arizona.  (Enter through the west door.  If locked, use 1^st floor entrance under the steps and press the intercom button to inform security that you want to attend the City of Phoenix Employees’ Retirement Board Meeting.)  One or more members may participate via teleconference.

 

Notice is further given that a quorum of the City of Phoenix Employees’ Retirement Board may be in attendance at this meeting.  This meeting is not, however, a meeting of the City of Phoenix Employees’ Retirement Board.

 

The results of the meeting were as follows:

 

RESULTS
	1.	Call to Order
No Action	2.	Consideration of Excess Benefit Arrangement Trust Report		1-2
		Discussion and possible Committee action
No Action	3.	Consideration of Excess Benefit Arrangement Trust Annual Asset Listing		1
		Discussion and possible Committee action
No Action	4.	Consideration of Securities Lending Earnings Report		1-2
		Discussion and possible Committee action
No Action	5.	Consideration of Correspondence From Northern Trust Regarding EquiLend Holdings LLC		1
		Discussion and possible Committee action
No Action	6.	Consideration of Correspondence From State Street and R.V. Kuhns & Associates Regarding Additional Out-of-Pocket Expenses		1-2
		Discussion and possible Committee action
No Action	7.	Consideration of Tyco Bond Update From Western Asset Management		1
		Discussion and possible Committee action
No Action	8.	Consideration of Commission Recapture Statement		1-4
		Discussion and possible Committee action
No Action	9.	Proxy Vote Summary Report
		a)	AXA Rosenberg – 2nd Quarter 2008	a.1-a.120
		b)	Cadence Capital Management – 2nd Quarter 2008	b.1-b.34
		c)	Cramer Rosenthal McGlynn – 2nd Quarter 2008	c.1-c.38
		d)	Dimensional Fund Advisors – 2nd Quarter 2008	d.1-d.30
		e)	Eagle Asset Management – 2nd Quarter 2008	e.1-e.7
		f)	GMO - International Intrinsic Value Fund – 2nd Quarter 2008	f.1-f.119
		g)	GMO – Emerging Markets Quality Fund – 2nd Quarter 2008	g.1-g.62
		h)	Northern Trust – 2nd Quarter 2008	h.1-h.90
		i)	Pyramis Global Advisors – International Growth Commingled Pool – 2nd Quarter 2008	i.1-i.84
		j)	Pyramis Global Advisors – Emerging Markets Commingled Pool – 2nd Quarter 2008	j.1-j.94
		k)	Research Affiliates – 2nd Quarter 2008	k.1
		l)	The Boston Company – 2nd Quarter 2008	l.1-l.8
		Discussion and possible Committee action
No Action	10.	Consideration of and Appropriate Action Regarding Organizational Changes: Pyramis Global Advisors		1-2
		Discussion and possible Committee action
No Action	11.	Consideration of Applying the Prudent Investor Rule		1-4
		Discussion and possible Committee action
No Items	12.	Future Agenda Items
		Informational
No Response	13.	Call to the Public
Info only	14.	Next Committee Meeting: Wednesday, September 24, 2008 – Historic City Hall, Second Floor, Subcommittee Room
		Informational
9:25	15.	Close Session

 

For further information, please call Paula Whisel, Secretary III, Retirement Systems at 602-534-4400.

 

For reasonable accommodations, call Paula Whisel at Voice/602-534-4400 or TTY/602-534-5500 as early as possible to coordinate needed arrangements.

 

Printed: August 21, 2008