Monday in new york city and you are watching a special edition of market makers. Erik chapter. I am Stephanie Ruhle. Eriklready been schatzker. I am Stephanie Ruhle and already been a morning. Mount bridgwater, two men who had no companies and we had a great conversation is more that throughout the day. Founder of omega. I had a good weekend in vegas. It. Not think i could on nicki minaj jim langevin bloomberg, you have gone full circle and it is a win. A lot coming up on the show today. Heaven, as are financials is here in the date. He is remaking the department. Out of doubt. Youre also sneaking with the man of the hour. And it clearly the winner. But that is coming up later in the afternoon. Her aailed to win conviction in one case. Every other case, mess. Insider trading charges. As goes on. I am very interested to know, you behind flock a Holding Institutions accountable . You people, guns do not help people. The same kind of thing applies when you consider the philosophy behind c
Were 67 percent and metro was 6 seven hundred i can send you through the emails time. And im saying the performance is below average for example you look at the Real Estate Investment plus the highest return funds was 28 point plus and the other zero better to be safe than sorry point one percent ratio thats right was 0. 01 percent. Time. So the older funds was welcome. Hi and my name is david hill i work for the San Francisco Public Library good afternoon, commissioners and commissioner cohen bev says hi i was interested in some of the things i can go over here and revehicle sore roses and wiener busting i could do that but it would be cheap so i would but ill admit i was pulled out by some of the agreements made in defense of investing in hedge funds mr. Griffin from local 21 said used the phrase regardless of martha conditions well Market Conditions are the thing that it is postulated it depends on marketing conditions that is strange it is sort of like a man that leaps off a roofto
Are getting what you are looking for because its too much hopefully, you guys make a decision. 30 seconds. Because we are all effected and if you can go to sleep together for the dignities is this the right thing you wonder you if guys can face us. Hi, im denice when i worked for the city i literally and literally can prove it saved Million Dollar dollars for the city i want to get some back i never got a raise so i dont get a big pension even now you know this thing has been dragging on for months and i dont understand it i think that i get a sense of arrogance and the science of people who the majority are opposed to the hedge funds im urging you to use the cautionary principle and stop it like i said before go to las vegas and use your own money not mine thank you. clapping. thank you Good Afternoon Trustees im Cynthia Landry sits on the 1021 executive board for the local trustee its been said before its been said today and it will be continued to be said by our members active and r
Private pension one out of 4 from a public or private pension were not early but late hedge funds were create by wealthy individuals that had with an idea in said to manage risk and manage their risk they were looking for returns with bond like down side its now huge there are 8 hundred institutional quality and we have a weve been looking at 8 hundred institutional hedge funds for us what do i fear its not hedge funds it is a repeat of 2000 and 2002 and the disaster of 2007 and 9 when the fund headed do you think thats what i fear and putting the Risk Management controls to me is the prudent thing to protect either of those things happening thank you board and staff and keep up the good work on behalf of all of us thank you. Jonathan hello, again trustee 7 thousands 5 hundred hedge funds managing 3 trillion thats called chasing returns thats not a good strategy i want to just make a few more comments starting with the words truest weve placed our truest in you you have a diet to manag
1023 one and have talked about he they feel will the hedge funds plan it is seemed to be recommended about the risks and the fees the need for transparent about the feeling theyre not been Due Diligence that this whole mechanism of determining the Asset Allocation has been taken with blinder on for the last six or seven months and the lass lack of controls with the board and the hedge funds will have and the investments and fear that groups on the table like Elliott Management and the people he deals with that will invest their money against the unions and against the fine benefit plans leads me to once again say youve heard from many of our members youve received many, Many Services opposing Hedge Fund Investments today, i have another 8 hundred and 65 close to 3 thousand signatures of our members back behind the ones youve heard opposing the Hedge Fund Allocations wed like submit those and hope youll consider well, today, i hope we hear a lot of comments today that actually have a ca