Not joining us and i know shes on the call and id like to open it up to directors and ill start with brinkman. Thank you, very much, chair board and its going to be hard for me not to always call you director rubke and thank you for all the hard work you put into this and were a thoughtful and careful director and you have such empathy and i appreciated serving with you on the board and getting to know you as a friend and now we can talk and travel as long as we want and we wont have to sensor ourselves at all. Thank you so much for your years of service and i will miss you very, very much on the board. Director eakin. Thank you. Christina, director rubke, its been such an honour and privilege to serve with you. You bring an important perspective i hope you will stay in touch with us and weigh in on board items. You are always welcome to call and share your perspectives. Ive learned so much from you and i really join director borden to be sad that this will lose perspective and your in
Were sad to have the director not joining us and i know shes on the call and id like to open it up to directors and ill start with brinkman. Thank you, very much, chair board and its going to be hard for me not to always call you director rubke and thank you for all the hard work you put into this and were a thoughtful and careful director and you have such empathy and i appreciated serving with you on the board and getting to know you as a friend and now we can talk and travel as long as we want and we wont have to sensor ourselves at all. Thank you so much for your years of service and i will miss you very, very much on the board. Director eakin. Thank you. Christina, director rubke, its been such an honour and privilege to serve with you. You bring an important perspective i hope you will stay in touch with us and weigh in on board items. You are always welcome to call and share your perspectives. Ive learned so much from you and i really join director borden to be sad that this wil
Were watching up on some of that work as well as completing the westportal cross over that the former director advocated for. We should be able to complete the westportal cross over in time for the restorative rail service allowing us to be able to potentially offer threecar shuttles in the subway between westportal and embarcadero stations. Were also moving forward rapidly on the van ness Improvement Projects and the lack of transportation on van ness avenue and it has been able to allow the crews to accelerate the sewer and water work thats been the source of so much of the disruption on that street and that work is continuing quickly and it means that well be able to start the sfmta portion of that project and the transit portion starting this spring. Ill remind you all, that while the sfmta is in the lead of the brt project, none of our work has started yet. The work for creating the bus Rapid Transit line so were very much looking forward to that work getting moving and many of yo
Start with brinkman. Thank you, very much, chair board and its going to be hard for me not to always call you director rubke and thank you for all the hard work you put into this and were a thoughtful and careful director and you have such empathy and i appreciated serving with you on the board and getting to know you as a friend and now we can talk and travel as long as we want and we wont have to sensor ourselves at all. Thank you so much for your years of service and i will miss you very, very much on the board. Director eakin. Thank you. Christina, director rubke, its been such an honour and privilege to serve with you. You bring an important perspective i hope you will stay in touch with us and weigh in on board items. You are always welcome to call and share your perspectives. Ive learned so much from you and i really join director borden to be sad that this will lose perspective and your insights. Thank you so much for your eight years of service and encourage you again to pleas
Helping you and your investment staff run the private equity, real assets allocation and some are in the audience today and youll hear from them when we go through some of the other revi reviews. To recaso to recap on page one t we would like to cover, one hasw is a private Equity Programme doing and the 2018 review and progress and three, the current market environment and what were doing in recommending in terms of positioning the portfolio and private equity portfolio to that context. So how is the programme doing . In short, youre doing well. Tanya mentioned performance and you performed well across all metrica and the private private Equity Programme is a strong contributor over the short and longterm. 201 was particularly strong with a 17 gain in private equity and this is compared in the markets which lead to an overall year of negative return in the public equity markets. The programme stands at 20 of planned assets slightly above. Strong to the outperformance and appreciation