Investment policy. And one of the reports found that we researched found that the Stanford Institute for grand jury report that you can stick on the projector. Our clerk will do it. Go ahead. What the Stanford Institute compared was the calpers return to hypothetical low risk portfolio pursued over the same 25 year time period, a negligible the new york times, in 2012 found that Pension Funds investing in more alternative investments, not only have the highest risk levels, but contrary to expectations had poor returns than those that remained in traditional low risk investments. They further found that funds that did well with low risk Investment Policies nevertheless tended to switch to high risk model. And the reason for that is the Upjohn Institute in 2011 report titled an analysis of risktaking behavior for public Pension Plans of over 100 funds found pressure on Fund Managers to change from their conservative investment policy to assume more risk, even if a fund made a higher retu
Our clerk will do it. Go ahead. What the Stanford Institute compared was the calpers return to hypothetical low risk portfolio pursued over the same 25 year time period, a negligible the new york times, in 2012 found that Pension Funds investing in more alternative investments, not only have the highest risk levels, but contrary to expectations had poor returns than those that remained in traditional low risk investments. They further found that funds that did well with low risk Investment Policies nevertheless tended to switch to high risk model. And the reason for that is the Upjohn Institute in 2011 report titled an analysis of risktaking behavior for public Pension Plans of over 100 funds found pressure on Fund Managers to change from their conservative investment policy to assume more risk, even if a fund made a higher return with a low risk portfolio. Economists referred to this trend as the herd mentality. The jury can verify to the board of supervisors that studies do exist are
Youre using the funded status today to point out what you investment process, but then you go back in time, and you look at the investment style that you think is appropriate, but you did not do the other comparison to show what the funded status was of the citys retirement system in those years . no audio . Supervisor elsbernd ill trustee driscoll or trustee myberg erwho has the history tell us what our fund status was when we had this kind of investment style. But go ahead, continue. You want me to tell you no you . Supervisor elsbernd well let them get to it when they make their presentationed. The jury found prior to 1984 they invested in a more in a easygoing, lowrisk. After 1984, the fund started to follow the yale model, investing in more alternative riskier investments, causing the fund to become more volatile, the return to become more volatile, while showing no significant increase in returns over the longterm. And has been underfunded for the last three years. Thus facing mo
Were watching from around the world its monday mart seventies here in seoul on tuesday announced on wednesday so much for joining us. We begin this evening with a standoff between korean doctors and the government to merit the negotiations over the weekend seems to have been a fruitful as the two sides have agreed to terms and some sticking points happens a lot has more on the big o c student results second doctors strike following last weeks one day walkout may have been averted with a tentative agreement reached by the Korean Medical Association and the government. The k in may and the ministry of health and welfare have been in on the official negotiations since last friday on the governments plans to reform the medical sector the retention of the agreement on a number of tissues after marathon talks on sunday at last until midnight and make separate announcement about talks on monday. The agreement covers four points. The introduction of a tele medicine system that would enable doc
Reporter the patient is a medical worker who returned from west africa last week. Since his return, he spent most of his time in his apartment and had been checking his temperature twice a day. Officials say he went bowling one day before he developed a fever. Health Authorities Say theres no need to worry about becoming infected from being around or living near a person with the virus. The way people contract ebola is by being in touch with the person who is sick with ebola and being in touch with their body fluids. Reporter officials from the u. S. Centers for Disease Control and prevention will conduct further tests on the man. Once the cdc confirms that he has ebola, the man will be the second person to develop symptoms in the u. S. After contracting the virus in west africa. Well go to our new york studio for more on the Current Situation there. Local media report the doctor is 33yearold craig spencer, a member of doctors without borders. That is an active humanitarian organizatio