The santa fes by the 1020 local and the retirees that had their retirements is secured by the board the board failed to explore the option to achieve the interest in the funds and protecting it against down side leaving the union 1020 no choices bus to allocated the funds to hedge funds weve you turned out in numbers and signed petitions before you to competence the well founded concerns the risks southern direction with hedge funds and the allocation process and the lack of transparency associated with the process and the failure to respond to the questions about the risks and other issues raised in our july 8th letter in our view the staff and consultants have failed to plan for participants by engaging in an upside down process and selected hedge funds as the answer brother theyve seated did board concerns we believe in the outset of the application process absent a more thoughtful process we ask you to act on behalf of thousands of s c i us by voting against the changes to this app
Risky business this is not a game. clapping. good afternoon Board Members my name is maria i come today as a s c i u member and activist and i also want to support and give cede dance to the letter youve received from maxine sharpening is im particular and very delinquent about making sure we dont have tape down decisions decisions are local i can stand here with certainty saying this was our mentioning members that led this and we researched into this decision does, in fact, hold a lot of weighed and thats why im here to speak im a 26yearold in terms of working in the city well, not 26 years old far from that but i look forward to ref any first retirement check this july so but im here to say that wherever i think of entering into risky behavior or taking a risk i look at the assessment of whether or not its just myself that is in jeopardy or will be hurt or colateral damage so we want you to you know take pause and contemplate that as well we shouldnt be here to countryside another u
The interest in the funds and protecting it against down side leaving the union 1020 no choices bus to allocated the funds to hedge funds weve you turned out in numbers and signed petitions before you to competence the well founded concerns the risks southern direction with hedge funds and the allocation process and the lack of transparency associated with the process and the failure to respond to the questions about the risks and other issues raised in our july 8th letter in our view the staff and consultants have failed to plan for participants by engaging in an upside down process and selected hedge funds as the answer brother theyve seated did board concerns we believe in the outset of the application process absent a more thoughtful process we ask you to act on behalf of thousands of s c i us by voting against the changes to this application sincerely the board pointing clapping. hello, im elaine i work in San Francisco Public Library ive worked since 1985 i dont know about hedge
Two days by the local president roxanne she writes bear patrol cars im writing on behalf of the santa fes by the 1020 local and the retirees that had their retirements is secured by the board the board failed to explore the option to achieve the interest in the funds and protecting it against down side leaving the union 1020 no choices bus to allocated the funds to hedge funds weve you turned out in numbers and signed petitions before you to competence the well founded concerns the risks southern direction with hedge funds and the allocation process and the lack of transparency associated with the process and the failure to respond to the questions about the risks and other issues raised in our july 8th letter in our view the staff and consultants have failed to plan for participants by engaging in an upside down process and selected hedge funds as the answer brother theyve seated did board concerns we believe in the outset of the application process absent a more thoughtful process we
Board of supervisors agenda unless otherwise stated. Okay, are there any changes to the agenda . No. Okay. So, can you please call the first item . Item number 1 is a hearing on the San Francisco employees retirement system sfers investments in russian securities; the feasibility, consistent with sferss fiduciary obligations to retirees, of sfers divesting from russian securities, given russias continuing persecution of members of the lesbian, gay, bisexual, and transgender community; and sferss policy regarding responses to inquiries from members of the board of supervisors about policy matters of interest to residents of San Francisco. Okay, thank you. And i would like to turn this over to my colleague, supervisor scott wiener. Thank you, madam chair, and thank you for accommodating this hearing in terms of timing. We very much appreciate it. So, colleagues, today before us we are holding a hearing relating to the extreme persecution of the Lgbt Community in russia that has been occu