For example, healthcare, medical access and Senior Housing and similar to what tonya was discussing on the private equity side, those sectorfocused funds, we think, you know, our data has shown that those sectorfocused funds have generated more than the diversified funds and also gives us and staff the ability to tail tailor the portfolio more than we could if we were looking at diversified funds. Thats an interesting tabernacledynamic,maybe a benefe market. That isnt to say moving away from the funds and theres approaches to having both on the portfolio works pretty well and some of those diversified managers have proven to be good at pivoting from one sector to another and much more nimble than we could in terms of allocating a specialfocused fund. So i think the combination is attractive. Just touching on the market environment, i dont want to spend too much time but similar to private equity and most asset classes, real estate is fully value and real estates across markets and prop
With tim cook. And one company is shrugging off concerns about an economic slowdown in china. Well tell you which one it is. A moment of truth for lyft as insiders get their first chance to sell shares at the open stocks are set to build on fridays rally, were heading into this mornings trading session, the dow is within 394 points of recouping all the losses from that wednesday selloff of 800 points is the economy at risk of recession . Take a listen to what the president and some of his top aides said yesterday i dont think were having a recession. Were doing tremendously well. Our consumers are rich i gave a tremendous tax cut. And theyre loaded up with money. And theyre buying i saw the walmart numbers, through the roof. I dont see a recession we had some blockbuster retail sales consumer numbers towards the back end of last week. We had the strongest economy in the world money is coming here for a stock market also coming here to chase yield and our bond market. Vice president tod
Some the emerging markets exposure comes through asia and latin america. That brings me to the next page, 17. On the coinvestment front, spurs has been active. Though measured in gradual and in the implementation. Spurs made the first coinvestment in the private equity portfolio in 2014 and since has made an additional 11 coinvestments. Eight of those were through the commitment to Asia Alternatives and its fund heavtofund manat and four were outside. In each case, they were with a manager spurs has invested with and has an existing relationship through the portfolio. So they highlight that staff did a good job of existing manager knowledge to enhance execution capabilities in the coinvestment portfolio. Together, these coinvestments represent close to 200 million in commitments with an average byte size of 15 million which we feel is appropriately sized relative to the byte size at the fun level. And lastly, ill highlight spurs has been disciplined. Its 20 of the private equity and th
Nvidia down 4 obviously we have the big inflation data coming out tomorrow but, joe, whats driving this we knew that the inflation data was coming out tomorrow, with he knew we have had these economic worries, percolating talks about impending recession coming back up again yesterday whats going on now . The treasury auctions are important this week. After the three year auction at 1 00 p. M. There was opt mirk, markets lifted off of the lows, there was a belief and the demand was relatively strong whats happened this morning is that price has reversed, a lot of that optimism that was represented in an end of day bounce and now you have broken below yesterdays low. A little bit of technical selling pressure i think theres more nervousness in the 1 00 p. M. Tenyear auction is critical today because weve seen the long end of the curve where yields have been backing up, thats where this battle is going on right now with the Asset Management industry thats Long Duration and then hedge fund
And slowly, and turn down your tv or radio. Please note that city policies along with federal, state and local law, prohibit discriminatory or harassing conduct against City Employees and others during Public Meetings and will not be tolerated. Moreover, Public Comment is permitted only on matters within the jurisdiction of this meeting body. We thank you for joining us on. Thank you for before calling the next item and id like to do it later on the agenda. But i do want to have an Opening Statement to make before we go into closed session. And thats for thanking supervisor. So safai, thank you for leaving the house in order and my taking the gavel and appreciate it. Its been great working with you and hopefully i can fill your shoes. I dont know how bigger. So second. Okay lets. Madam secretary, do you want to call the next item, please . Yes item number three, closed session. At this time, we will be moving into closed session. Item three, a Public Employee performance evaluation imm