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[roll call] is commissioner safai present at this meeting . [roll call] we have a quorum. Thank you, madam secretary. Motion is awarded to vote whether to disclose discussions held in the San Francisco administrative code section 67. 1a. At this time i make a motion. Motion not disclosed. Ill second this. Moved and seconded. We will take Public Comment at this time. Madam secretary. Please open the phone lines. Members of the public who wish to provide Public Comment on this item should call 408 4189388. Access code 1467135208. Press pound and press pound again. If you havent already done so, please dial star 3 to lineup to speak. A system prompt will indicate you have raised your hand. Please wait until the system indicates you have been unmuted and you may begin your comments. Please state your name and make your commen ....
Go down when the markets go down. And private credit. We expect private credit to generate low teens, anywhere from 912 a year, highly cash, meaning most of the 912 is income, that off sets the liquidity, you have cash flow coming in as markets correct downward. We think joe, the movement you have taken to take some money out of equity markets which in the longterm is your highest growth and return asset and spreading it into other assets that have higher returns, at least higher than assumed rate but lower volatility will give you the opportunity to earn that 7. 5 with less risk of a major downturn. The numbers we developed for you that are part of the Asset Allocation assumption did indicate over the longer term, the more diversified portfolio had an expected return of just below 8 . If we take on more leverage, it will be the result of return. Theres leverage in private equity thats sort of normal. Im looking at the gross lev ....
Commissioners paskinjordan and stansbury one up here today can we do please take roll call cohen speak, here. Bridges, here. Driscoll, here. Makras. Mdm. Clerk its time for close session open up or Public Comment on our close session items. Seeing none, Public Comment is closed. At this time [gavel] thank you we will resume at in 15 min. At 2 30 pm. Excuse me. Good afternoon. We are going to take a motioncan come out of close session and make a motion not to discuss what we discussed in close chat session. Is there a motion . [inaudible] [off mic] not just us what was [inaudible] motion has been made by commissioner bridges and second by commissioner cohen we can take that without objection. Thank you. Clerkfirst i want to thank the public for allowing us a few more minutes. Your time is important and i want to recognize that. Thank you for being flexible and honoring our req ....
Cohen speak, here. Bridges, here. Driscoll, here. Makras. Mdm. Clerk its time for close session open up or Public Comment on our close session items. Seeing none, Public Comment is closed. At this time [gavel] thank you we will resume at in 15 min. At 2 30 pm. Excuse me. Good afternoon. We are going to take a motioncan come out of close session and make a motion not to discuss what we discussed in close chat session. Is there a motion . [inaudible] [off mic] not just us what was [inaudible] motion has been made by commissioner bridges and second by commissioner cohen we can take that without objection. Thank you. Clerkfirst i want to thank the public for allowing us a few more minutes. Your time is important and i want to recognize that. Thank you for being flexible and honoring our request. I would like to go to item number four mdm. Clerk and you call that for me . Item 4 g ....
Cohen president of the retirement board this of the regular scheduled full board meeting. The purpose of the board [inaudible] please join me and rising raising your right hand over your heart and saying the budget of allegiance. [pleage of allegiance] thank you. Clerk any announcement . Commissioners paskinjordan and stansbury one up here today can we do please take roll call cohen speak, here. Bridges, here. Driscoll, here. Makras. Mdm. Clerk its time for close session open up or Public Comment on our close session items. Seeing none, Public Comment is closed. At this time [gavel] thank you we will resume at in 15 min. At 2 30 pm. Excuse me. Good afternoon. We are going to take a motioncan come out of close session and make a motion not to discuss what we discussed in close chat session. Is there a motion . [inaudible] [off mic] not just us what was [inaudible] motion has b ....