Retirement board fun stuff ahead and American People exciting executive director report and very, very robust investment calendar and discuss with i hope you guys are ready hold on our seats ladies and gentlemen, and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all all right. Thank you for joining you wednesday february 10th one 06 this is at regularly squealed retirement Board Meeting mr. Clerk madam clerk, any announcements . Now announcements. Roll call mr. Nolan applying is commissioner driscoll mr. Stars commissioner paskinjordan commissioner stansbury we have quorum as you can see your item number 3 mr. Clerk, call interest. All right. Public time to comment code section. Taking Public Comment on the fact we does see the closed session has a right are here well go into closed session and returning awe at 230 thank you. Mr. Rose call the next item. Item 4 a discussion item general Public Comment. Our favorites time of the day
Of the members we want to see by way of the longer it takes you to figure out this the more interest youll owe them more than rather than less down the road none of us that that is but they dont achieve a very high payout on the monthly stipend so big please consider making this wholly and he appropriate advise to make the right decisions thank you very much. Anything else wants to speak in Public Comment seeing none, Public Comment is closed. Thank you very much mr. Clerk, call item number 4 item 5 angle an action approval of the minutes 2015 special retirement Board Meeting. A motion to accept those mens. Motion by commissioner paskinjordan and seconded by commissioner stansbury all in agreement can we take this all right. Anonymous to accept the minutes. Thank you that motion carries call item 6 mr. Clerk. Thank you. Is there a motion or discussion for item 6. Ill move the consent calendar. Motion moved by commissioner meiberger and seconded by commissioner paskinjordan same house,
You guys ready to get started another exciting day with the retirement board fun stuff ahead and American People exciting executive director report and very, very robust investment calendar and discuss with i hope you guys are ready hold on our seats ladies and gentlemen, and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all all right. Thank you for joining you wednesday february 10th one 06 this is at regularly squealed retirement Board Meeting mr. Clerk madam clerk, any announcements . Now announcements. Roll call mr. Nolan applying is commissioner driscoll mr. Stars commissioner paskinjordan commissioner stansbury we have quorum as you can see your item number 3 mr. Clerk, call interest. All right. Public time to comment code section. Taking Public Comment on the fact we does see the closed session has a right are here well go into closed session and returning awe at 230 thank you. Mr. Rose call the next item. Item 4 a discussio
Received but everyone got a valentines day presents and the other thing we mentioned valentines day and its healthy month which means that chocolate that healthy so have at it it is very healthy. Any other members that want to speak. Herbert wiener chocolate advocate well, first of all, i wish to thank jay hewitt for the presentation it is last with humor. clapping. we needed a clap for him. Id like to to have an evaluation of the hedge funds well also the other entities to do well and how they compare what the hedge funds that is important in my opinion there is entities i have found in pay pal last week he feel good about that to give an example i want to thorough evaluation and it should be balanced and, yes change courses in midstream lets do that with the cars going off the cliff its time to activity gears it is my thought anyone else . Ill see you the gym closed session. 24 discussion item retirement board reports any reports dont look like it thank you very much Public Comment o
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