. >> thank you, doctor. [ applause ] >> i'm bernard shoelden. retiree and significant background in investment. this is unsufficient given the broad liabilities the city bears in the broad content of our economy and has been proven not diligent regarding management. the only means that you have to protect the cap on our hedge funds is through performance bonds which the city must finance. without that there is no protection. a word about hedge funds. it's a word of economic capitalism. it fights against the economy in a self destructive manner which you must recognize. the long-term in which investment must be under taken is not covered by the use of hedge funds and other cannibalism. it is im prudent and proves to this board a class action suit which maybe necessary. thank you. [ applause ] >> sylvia lynch followed by -- larry bradshaw. >> for the record i'm submitting 75 more signatures to add to the thousands. i read an article which the retirement board failed for a recent loss of $61.3 million on the san francisco pension fund on one of it'