>>and now the san francisco pension board wants to use the hedge funds why do the hedge funds exist because this economy is n incapable of making sufficient money money it considers sufficient by creating the things we need housing and health care and education the system can't survive making those anymore all it can do is make paper profits and paper profit are what kill people and make people lose their homes and jobs and that's what hedge funds are all about it is disgusting you guys are thinking about it (clapping.) >> welcome. >> hi, i'm dwayne a social weshg the city and s c i u member thank you for the opportunity for letting us speak up my concern with the proposal is one of transparency a lot of people picked up on that as well as the cost benefit ratio of this kind choices the wall street journal said hedge funds are in a 6 year slump they've underperformed in the accepting 5 one hundred and their citing van graduate fidelity and swabbing fund that investments would be had for a quarter of one percent impaired to hedge funds that are 20 percent of the game i think what unshelts se

san francisco community those are all expenses part of it i support 350 and fossil free california san francisco those are expenses that are going to be coming fast and furious and determining what this pension board can do right now and getting the facts together is going to help you make sound prudent fiduciary responsible decisions and a healthy environment. >> thank you, bill. >> randy. >> good afternoon. my name is a andy gillis i'll a san francisco resident and member of the occupy san francisco there's still a few of us around i would definitely urge the commission to do you want level 2 engagement at the at least the level 3 is definitely where we should be heading defining the timelines are crucial in making in work but i'd like to reiterate some things i know everyone in the room is well aware of 38 they beer repeating climate change is real and happening now

officer in the city and county of san francisco who arrested a fellow public defender who was defending african-american clients and sued her of agreeing what's the pension board is supposedly representing the city workers for doing her job when he should have been in a hearing instead arrested a city employee you should recuse users and not be talking about this we have to stop the hedge funds slchlt and most of the employees are hurting they can't live in san francisco we need to protect our hedge funds and protect the public and we don't have another bust of our pensions thank you (clapping.) >> good afternoon tom o core president of the san francisco firefighters this is a tough act to follow i'm not here to to personal acquisitions against the board i'm here to say thank you for the excellent rate of returns we've received over the years we shouldn't politicalize but thank you for all the men and women of the city of chicago we trust our judgment to make the right decision thank you. >> everyone please give the speakers of the courtesy of sharing their remarks. >> thank you, again, for your services to the men and women of san francisco we trust in your j