Weather appears to be the new norm. Events like superstorm saturday which came to my shores and our shears in the mid atlantic a year or so ago, recent wildfires in ore parts of the country other parts of the country, dangerous tornadoes, historic droughts. They may well be just the tip of the iceberg of whats to come. And even today the east coast is preparing for yet another snowstorm while the west coast is experiencing a historic drought. And increased fire danger with no end in sight. I have a friend of mine who is from australia, and he tells me theyve had the hottest weather in their history, so go figure. Its just sort of a crazy world that we live in right now. For years, ive been working with a number of my colleagues, our colleagues to address the root causes and unfolding effects of what i believe is one of the Biggest Challenges of our generation. Thats Climate Change. According to the u. S. Global change research program, extreme weather events have increased in frequency
Been very patient listening to us thank you for that many of my coworkers had to leave because theyre working but many are staying to the bitter end of the month to month we want you all to explain where you would put any money into an unwise have you ever known there are clearly all of the. 30 seconds. Well be here to hear our decision were not going away we have our calendars marked every month for this meeting thank you clapping. if no other Public Comment ill close Public Comment and call item 2. Item 2 an action item approve the minutes of january 14th retirement Board Meeting. Is there a motion of adoption. Ill move. Open up for Public Comment on item 2 seeing none, Public Comment is closed. Jake and ill pout one amendment that staff proposed in a memo from norm a clarification of the ownership within the deferred managers report it should be in a packet before you thats in a memo form from norman. Okay. Ill give you a moment to review it. Ill read it to it is clarifying that wel
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
Streetscape it to the direct fund at this point there is more work to be done as we get the structure in place it includes staff and consultants we can evaluate the combination of one or the other. I do want clarity does it mean that staff comes back prior to making the investments come back to the board to propose whatever percent or a giving the staff the authority to go 5 percent directly or are they come back prior to those decisions. Commissioner stansbury said i think i said it was listed in the materials of what. Commissioners. I thought it was litigating listed im asking for clarity. Yeah. For clarity. That should be district to staff. Supervisors are you asking staff or commissioner stansbury will the nature of the motion. Okay. So that if the question is for me, the intent of the motion is to allow staff to read missouri move forward to get the resources in place but before that any investment represents this could be a lot more discussions about after all this i think that t
To explain where you would put any money into an unwise have you ever known there are clearly all of the. 30 seconds. Well be here to hear our decision were not going away we have our calendars marked every month for this meeting thank you clapping. if no other Public Comment ill close Public Comment and call item 2. Item 2 an action item approve the minutes of january 14th retirement Board Meeting. Is there a motion of adoption. Ill move. Open up for Public Comment on item 2 seeing none, Public Comment is closed. Jake and ill pout one amendment that staff proposed in a memo from norm a clarification of the ownership within the deferred managers report it should be in a packet before you thats in a memo form from norman. Okay. Ill give you a moment to review it. Ill read it to it is clarifying that well karens statement. It is just clarifying any statement at the Board Meeting the draft minutes are number one changed in the target date fund with the cap manager they reduce the number o