mr. coaker thank you, norman and commissioners again happy new year a couple of things quickly i'll turn to the narrative we had a good month of december of 1.5 percentage for the first 6 months up 4.75 and for the calendar year 7.4 for the calendar years they were bond and international equity for private equity we're earned 8 percent and real assets and for u.s. equity up approximately 11 percent moving on to item number 2 himalaya the board approved this for an amount up to $2 million we closed that before calendar year ended we funded it at one and $50 million and requested the manager to let us know when they want to make additional investments and we'll fund the remaining 50 we withheld because of the uncertainty about trade practices and china and, etc. so they have capital to call when they feel this is investment to make and m b k was approved by the board in november by $50 million we closed .42 and a half million dollars this goes back the board approved this for the foundation back last march up to one and $25 million two months later we received $50 million we recently recei

mr. coaker thank you, norman and commissioners again happy new year a couple of things quickly i'll turn to the narrative we had a good month of december of 1.5 percentage for the first 6 months up 4.75 and for the calendar year 7.4 for the calendar years they were bond and international equity for private equity we're earned 8 percent and real assets and for u.s. equity up approximately 11 percent moving on to item number 2 himalaya the board approved this for an amount up to $2 million we closed that before calendar year ended we funded it at one and $50 million and requested the manager to let us know when they want to make additional investments and we'll fund the remaining 50 we withheld because of the uncertainty about trade practices and china and, etc. so they have capital to call when they feel this is investment to make and m b k was approved by the board in november by $50 million we closed .42 and a half million dollars this goes back the board approved this for the foundation back last march up to one and $25 million two months later we received $50 million we recently recei

mr. coaker thank you, norman and commissioners again happy new year a couple of things quickly i'll turn to the narrative we had a good month of december of 1.5 percentage for the first 6 months up 4.75 and for the calendar year 7.4 for the calendar years they were bond and international equity for private equity we're earned 8 percent and real assets and for u.s. equity up approximately 11 percent moving on to item number 2 himalaya the board approved this for an amount up to $2 million we closed that before calendar year ended we funded it at one and $50 million and requested the manager to let us know when they want to make additional investments and we'll fund the remaining 50 we withheld because of the uncertainty about trade practices and china and, etc. so they have capital to call when they feel this is investment to make and m b k was approved by the board in november by $50 million we closed .42 and a half million dollars this goes back the board approved this for the foundation back last march up to one and $25 million two months later we received $50 million we recently recei

mr. coaker and the investment team and all our assistance >> thank you.. ank you for the presentation. i too want to acknowledge not only investment staff but also the committee. thank you very much. mr. mitts thanks for doing an excellent job with working with mr. coaker putting together an amazing year for education in the investment field. let's take public comment on this report. seeing none, public comment is closed.. can i get a motion to accept? - excuse me - me it's a discussion item only. thank you very much. clerk the please call item 8 and i together >> item eight and 9 report on investment performance and retirement funds and number nine report on managers under review >> they are intrinsically linked. >>[inaudible] [off mic] mr. martin intend to see cover some macro issues and about but in briefly on performance for the quarter. >> i'm joined by dan hennessy who i know you all nobody joined us about three months ago. he is a wharton grad. he spent seven years at franklin templeton in research that spent four years with our bill or a major consu