jean niÑos will answer the pension's funds responses to our findings and recommendations around the fund'sy. and i might mention here that jean is reading the report of mark biosay who is involved in an emergency right now so she's reading his report. thank you. >> supervisor elsbernd: just so we can get a gauge of time how many other reports do we have left? just within your own -- how many more speakers do you have? >> then i will end up. >> it will be short. >> supervisor elsbernd: that's fine. >> i'm weak from hunger already. excuse me. prior to 1984 the california public pension funds were limited by law to invest in no more than 25% in equity investments. and mainly those were to be in blue chips. prop 21, which was passed in 1984, lifts this restriction thus allowing public pension funds to invest in a wide arrange of events as they see fit. this is -- am i not talking into it? well. this became known as the yale model of investing. as yale university was one of the first institutional invests to participate -- investors to participate in high risk investing their method for beating