the sake of investing in making money. this is the point, it shouldn t be just to make profit. it has to be something real, something that supports this community. i support herb in the mix too. i think you have to see how this works and i will be back too to look at the individual investments, but i just have to say there is a principal in the charter that it s called the precautionary principal and it mandates that we have investments that environmentally safe and positive and also in terms of health. we don t know what happens with these investments and where are they going and what the ethics are and after reading that business about $16 million being lost because someone was behaving and i have to say it didn t look very ethical. i wonder who you have as investors. thank you. [ applause ] good afternoon, commissioners. i have prepared a statement of 149 words in total that i would like to be entered into minutes so i will hand my statement over to the secretary. deja v
to look at the individual investments, but i just have to say there is a principal in the charter that it s called the precautionary principal and it mandates that we have investments that environmentally safe and positive and also in terms of health. we don t know what happens with these investments and where are they going and what the ethics are and after reading that business about $16 million being lost because someone was behaving and i have to say it didn t look very ethical. i wonder who you have as investors. thank you. [ applause ] good afternoon, commissioners. i have prepared a statement of 149 words in total that i would like to be entered into minutes so i will hand my statement over to the secretary. deja vu. i will say it again, deja vu. i i do not mean the song recorded by dion warwick. what i mean is bu fu. are you crazy? despite the fact this city made millions from the.com boom. there is two grand jury reports. city hall remains very silent on this very
investments, but i just have to say there is a principal in the charter that it s called the precautionary principal and it mandates that we have investments that environmentally safe and positive and also in terms of health. we don t know what happens with these investments and where are they going and what the ethics are and after reading that business about $16 million being lost because someone was behaving and i have to say it didn t look very ethical. i wonder who you have as investors. thank you. [ applause ] good afternoon, commissioners. i have prepared a statement of 149 words in total that i would like to be entered into minutes so i will hand my statement over to the secretary. deja vu. i will say it again, deja vu. i i do not mean the song recorded by dion warwick. what i mean is bu fu. are you crazy? despite the fact this city made millions from the.com boom. there is two grand jury reports. city hall remains very silent on this very important issue. in my opi
member since 1972. i do not want hedge funds as part of the portfolio. everyone who has spoken especially the last speaker has said what i wanted to say. this business of the risk taking and adding it to other risk. there are risks in some of the other investments as well like private equity. i don t think that a pension fund is a place for that level of risk taking. the thing that really gets to me is the lack of transparency in hedge funds, and a lot of us that live here and this is reflective of our culture, staff stating due to a lot of speculation and gentrification that this all goes upon us now, hedge funds are indicative of that. true, according to what i have read and i have read a lot online about hedge funds and a lot of negative stuff and we can t check or the board can t check where those investments go. we want positive investments. i never realized until i started looking online as to how much investments or how investment could be used to change the world. as
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