NEW YORK CITY EMPLOYEES’ RETIREMENT SYSTEM

[Pages:2]Seema R. Hingorani Chief Investment Officer

THE CITY OF NEW YORK OFFICE OF THE COMPTROLLER

BUREAU OF ASSET MANAGEMENT 1 CENTRE STREET ROOM 736 NEW YORK, N.Y. 10007-2341

SCOTT M. STRINGER

COMPTROLLER

TELEPHONE: (212) 669-3679 FAX NUMBER: (212) 815-8548 PTROLLER.

EMAIL: SHINGOR@COMPTROLLER.

MEMORANDUM

TO:

FROM: DATE: RE:

Trustees New York City Fire Department Pension Fund

Seema R. Hingorani

April 9, 2014

New York City Fire Department Pension Fund Investment Meeting ? April 16, 2014

Enclosed is a copy of the Public agenda for the Wednesday, April 16, 2014 Investment Meeting. The meeting will be held at our location ? NYC Comptroller's Office, 1 Centre Street, Executive Conference Room, 5th Floor ? Rm. 530 (beginning @ 9:30am).

If you have questions about any agenda item, please contact me at 212.669.3679.

I:\Investment Strategy\Agendas\AGENDAS -FIRE\04 - April 16, 2014\Public Agenda Material

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THE CITY OF NEW YORK OFFICE OF THE COMPTROLLER

1 CENTRE STREET NEW YORK, N.Y. 10007-2341

Scott M. Stringer

COMPTROLLER

NEW YORK CITY FIRE DEPARTMENT PENSION FUND

INVESTMENT MEETING

APRIL 16, 2014

Location: One Centre Street Executive Conference Room 5th Floor, Rm. 530

New York, NY

NEW YORK CITY FIRE DEPARTMENT PENSION FUND 2 INVESTMENT MEETING APRIL 16, 2014 PUBLIC AGENDA

I. February Monthly Performance Review: (30 Minutes) II. Basket Clause Update (Discussion): (15 Minutes)

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APPENDICES:

? Basket Clause

67

? Liquidity Analysis

69

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PUBLIC AGENDA

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I. February Monthly Performance Review:

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Prepared for the New York City Fire Department Pension Fund

4.16.2014

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TABLE OF CONTENTS

Economic Indicators ?From BAM ... ..................................................................................................................................... 1 Market Indicators ?From BAM ........................................................................................................................................... 14 Market Indicators for February & March.. .......................................................................................................................... 27 Contribution to Returns........................................................................................................................................................31 Asset Allocation and Adjusted Policy Weight Mixes ............................................................................................................ 32 Classification of Investments. ............................................................................................................................................... 34 Manager / Benchmark Comparison Report ......................................................................................................................... 37 Private Equity Fund Supplemental Details .......................................................................................................................... 54 Private Equity Cash Flow Tracker ....................................................................................................................................... 56 Real Estate Fund Supplemental Details ............................................................................................................................... 57 Real Estate Cash Flow Tracker ............................................................................................................................................ 58

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