96 percent building the board should ask about the deinvestment of hedge funds to go off to cal teachers union to investigate infrastructure you should visit cal ferries and talk about the hedge funds 94 percent are not prepared to see their member contributions 25rdz future retirement increase in hedge funds fail and 93 percent would not charge - >> the staff to perform adequate due diligence on hedge funds and 98 percent building that all union members should be surveyed for their preferences in investing in hedge funds and 95 plus building that this board should not make a decisions to invest in hedge funds without approval of the 54 thousand plan beneficiaries i urge you to vote no on any asset obligations thank you time (clapping.) >> if people could listen up to speak on public comment i'll work off the speaker cards first. >> good afternoon board members i'm worked at laguna honda for 20 years i'm not an expert in vvl but warren buffett is and george sorry is and mr. cal per if they don't recommended the pensions to be into hedge funds i know this is a bad idea putting citywide i aside