Coming out. Ok. If theres any members of the public that would like to address the commission about going to closed session, now would be the time. Seeing there is no members of the public, we will not have Public Comment. Will everyone please vacate the room that doesnt need to be here . Should we call the meeting to order . Is there a motion not to disclose . Is there a second . Great. Could we do that without objection . Ok, great. Item passes. First order of business is Public Comment. Are there any members of the public that would like to address the commission . My name is john stenson. Id like to give you four good reasons why you should divest from hedge funds. This is a highrisk, highcost, lowreturn and they dont give protection during a down market. I think all you members, including the Investment Consultant have been sold on the theory that hedge funds gives protection. Which is not true. Lets go back to 2008. That was our last down market. What happened to hedge funds in 2
Data check. Stocks them to be advancing. Dollar, treasuries, both slipping. The dollar is edging lower and treasuries are rising as janet yellen said she will step down when her term ends in february. I also wanted to talk to you about the turkish lira, you can see it at the bottom of your screen. It hit a record low against the dollar. We will get plenty more on your market moves. Now, lets get straight to the bloomberg first word news. Sebastian u. S. President donald trump is designating north korea a state sponsor of terrorism. The regime to additional sanctions. North korea joins syria and the sedan on the u. S. Terrorist list. This will impose sanctions on north korea and related persons and supports hour maximum Pressure Campaign to isolate the murderous regime. Sebastian janet yellen has said she will step down from the board of governors wants her successor is sworn into office. It widens the scope for donald trump to shape the Central Bank Leadership for years to come. Jerome
Address the commission about going to closed session, now would be the time. Seeing there is no members of the public, we will not have Public Comment. Will everyone please vacate the room that doesnt need to be here . Should we call the meeting to order . Is there a motion not to disclose . Is there a second . Great. Could we do that without objection . Ok, great. Item passes. First order of business is Public Comment. Are there any members of the public that would like to address the commission . My name is john stenson. Id like to give you four good reasons why you should divest from hedge funds. This is a highrisk, highcost, lowreturn and they dont give protection during a down market. I think all you members, including the Investment Consultant have been sold on the theory that hedge funds gives protection. Which is not true. Lets go back to 2008. That was our last down market. What happened to hedge funds in 2008. The average hedge fund lost between 18 and 20 . Im sure youre all
Do we need a motion to go no, were just coming out. Coming out. Ok. If theres any members of the public that would like to address the commission about going to closed session, now would be the time. Seeing there is no members of the public, we will not have Public Comment. Will everyone please vacate the room that doesnt need to be here . Should we call the meeting to order . Is there a motion not to disclose . Is there a second . Great. Could we do that without objection . Ok, great. Item passes. First order of business is Public Comment. Are there any members of the public that would like to address the commission . My name is john stenson. Id like to give you four good reasons why you should divest from hedge funds. This is a highrisk, highcost, lowreturn and they dont give protection during a down market. I think all you members, including the Investment Consultant have been sold on the theory that hedge funds gives protection. Which is not true. Lets go back to 2008. That was our
Address the commission about going to closed session, now would be the time. Seeing there is no members of the public, we will not have Public Comment. Will everyone please vacate the room that doesnt need to be here . Should we call the meeting to order . Is there a motion not to disclose . Is there a second . Great. Could we do that without objection . Ok, great. Item passes. First order of business is Public Comment. Are there any members of the public that would like to address the commission . My name is john stenson. Id like to give you four good reasons why you should divest from hedge funds. This is a highrisk, highcost, lowreturn and they dont give protection during a down market. I think all you members, including the Investment Consultant have been sold on the theory that hedge funds gives protection. Which is not true. Lets go back to 2008. That was our last down market. What happened to hedge funds in 2008. The average hedge fund lost between 18 and 20 . Im sure youre all