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New York State Teachers' Retirement System
October 29, 2009 Board Meeting
Summary of Actions
Authorized the allocation of up to $75 million in AG Capital Recovery Partners VII LP, subject to the satisfactory completion of due diligence.
Authorized the allocation of up to $50 million in LSRC II S.a.r.l. ("Drug Royalty II"), subject to the satisfactory completion of due diligence.
Authorized the allocation of up to $50 million in Phoenix Equity Partners 2009 Fund, subject to the satisfactory completion of due diligence.
Authorized the allocation of up to $35 million in The Peninsula Fund V LP, subject to the satisfactory completion of due diligence.
Authorized an agreement with Ennis, Knupp & Associates Inc. to act as a general investment consultant, for one year, effective Feb. 1, 2010.
Renewed the agreement with EII Realty Securities Inc. to manage a portion of the System's portfolio as an international (non-U.S.) real estate investment manager, for one year, effective Dec. 7, 2009.
Renewed the agreement with LaSalle Investment Management (Securities) L.P. to manage a portion of the System's portfolio as an international (non-U.S.) real estate investment manager, for one year, effective Dec. 1, 2009.
Renewed the agreement with RREEF America L.L.C. to manage a portion of the System's portfolio as an international (non-U.S.) real estate investment manager, for one year, effective Dec. 1, 2009.
Renewed the agreement with State Street Global Advisors to manage a portion of the System's portfolio as a passive international equity manager, for one year, effective Feb. 18, 2010.
Renewed the agreement with Callan Associates Inc. to act as a real estate consultant, for one year, effective Feb. 1, 2010.
Reappointed Leonade D. Jones to a three-year term on the Investment Advisory Committee, effective Jan. 1, 2010.
Reappointed Maureen A. Ehrenberg and James W. O'Keefe to three-year terms on the Real Estate Advisory Committee, effective Jan. 1, 2010.
Accepted the report of KPMG LLP on the financial statements of the Retirement System as of June 30, 2009, and for the 2008-2009 plan year ended on that date.
Accepted the report of KPMG LLP on the financial statements of the Retirement System's Retired Employee Health Benefits Trust as of June 30, 2009 and for the trust year ended on that date.
Accepted changes to the Investment Policy Manual, reflecting updates approved by the Retirement Board through the July 2009 Board Meeting.
Approved amendments to the System's Rules and Regulations.
Approved the System's 2010 legislative program.
