HomeMy WebLinkAboutMinutes - 2016.02.04 - 32405OAKLAND COUNTY RETIREMENT
AND DEFERRED COMPENSATION BOARD MINUTES
A special Oakland County Retirement and Deferred Compensation Board meeting was held
February 4, 2016 at 2:30 p.m. in the Royal Oak Conference Room.
Members Present: Jeffrey Phelps Curtis Childs
Joseph Rozell Lauri Siskind
Andy Meisner
Laurie VanPelt (designee of County Executive)
Members Absent
with notice: James H. VanLeuven, Jr., Thomas Middleton,
Eileen Kowall (designee of Chairman, Board of Commissioners)
Others Present: Judy Fandale, Human Resources
Megan Navarre, Human Resources
Natalie Neph, Treasurer’s Office
Keith Lerminiaux, Corporation Counsel
John Krakowiak, NEPC
Jim Ruther, NEPC
1. Public comment. No one spoke
2. John Krakowiak and Jim Ruther, NEPC made a presentation and recommendations to the
Board regarding GW Capital small cap fund manager closing business operations.
3. Moved by VanPelt, seconded by Rozell to authorize Keith Lerminiaux, Counsel to the Board
to request outside counsel, the Miller Law firm and Barrack, Rodos and Bacine review the
GW Capital contract and recent transactions for litigation to recover lost funds. Motion
carried.
4. Moved by Meisner, seconded by VanPelt to move assets from GW Capital small cap value
fund to the Lee Munder small cap value fund. Motion carried.
5. Moved by Phelps, seconded by Meisner to authorize NEPC to conduct a small cap value
search and make a recommendation at the March 29, 2016 Investment subcommittee
meeting. Motion carried.
6. VanPelt requested a flash report from NEPC by February 25, 2016.
7. Moved by Rozell seconded by Meisner to adjourn the meeting at 2:45 p.m. Motion carried.
The next meeting is scheduled for Thursday, February 25, 2016 at 1:30 p.m.
Respectfully submitted,
____________________________________ ____________________________________
Curtis Childs – Vice Chairperson Judy D. Fandale, Secretary