consultants analysis that we're in a worse position today, if something like the downturn in 2008, haepdz and we were in 2008, that makes me extremely concerned and so whatever i have something complicated in front of me i try to make the best decision it means gathering information and what the nba believes in and what months thoughtful people understand when you have complex issues i want to note a couple of things to make sure i'm right first of all i believe the decision will be to invest in some measure many hedge funds but the decision about what hedge funds and the discussion of transparency and the philanthropy of those hedge funds will come back again and require another public discussion i believe we all share a concern about the issues and want to make sure that whatever investment we make acknowledge the culture of san francisco the other thing i want to say the issue of peace it's a been brought up in terms of fact-based discussions i understand there are other investment that supers board has invested in that has the same five fee structure so fees are an issue and should be