The Retirement Board May Discuss and Take Action on the Following:

1. Pledge of Allegiance.
2. Accept comments from the public.
3. Review of total portfolio performance including:
   1. Consideration of any managers already under review or to be placed under review.
   2. Consideration of any changes in allocations to managers
4. Consider and take possible action on the International Value Equity Semi-Finalist Report.
5. Consider and take possible action on the Small to Mid-cap Private Equity Semi-Finalist Report.
6. Presentation from Paulson & Co, Inc. Real Estate Fund II.
7. Consider and take possible action on staff recommendation regarding Paulson & Co, Inc. Real Estate Fund II.
   Presentation Material
8. Consider authorizing the attendance of Board and/or staff:
   Presentation Material
   1. Trustees’ Roundtable, CALAPRS, September 13, 2013, San Jose, CA.
   2. 23rd Annual Northern California Public Retirement Seminar, The Public Retirement Journal, September 26, 2013, Sacramento, CA
9. Miscellaneous
   1. Staff Report
   2. Outside Professionals’ Report
   3. Trustees’ comments