. >> michael seville followed by john stenson. >> thank you, mr. president, michael seville with icp local 21. i wanted to talk quickly about the process that we have used in coming up with our support. i have a lesser amount of hedge funds that staff put forward. we have an advisory committee members in san francisco those supporting and those against the hedge funds and really doug into diagonal. the first reminder is what we are trying to do and that is to protect the hedge funds. we need to hit the mark of 7.5 percent and how we are doing that. i have been troubled over the process in the last 8 months. i have learned more about hedge funds that i thought i would need to and i hope everyone else has. the recommendations supporting the 3 being mixed at the time. we understand there are new proposals being put forward and we have not had the opportunity to review those with the details and we are supporting the proposal at this time. i would remind the board that the retirement department represents civil servants and i think they represent good