mr. kocher. >> no good month. 41 basis points. conditioning a long winning streak that extended through the entire calendar year, you'll see the returns in the narrative. by month on page one, in terms fl of an -- in terms of an economic update, the economy is strong. another 275,000 proximate jobs this past month. everything across the report looked very strong. seeing a very just gradual increase in interest rates. unemployment is coming down, wage growth is okay. just really looks like a strike zone. i think it's being accompanied not just by the growth in the united states, but improving economic conditions in europe and the emerging markets. i would like to take a moment to talk about item number three. that is that i see the human experience graduating from what was our agricultural experience before the industrial revolution, then to the we're in the midst of an amazing advancement in the human experience. it's the science and it can revolution going on for 30 or 40 years. you'll see the advancements on page 3, the micro pr

mr. kocher and new members, if you believe in fiduciary responsibility, you wouldn't be investing any of our money in hedge ends. it should be investing widows and orphans. we don't have a lot of orphans but hell of a lot of widows. what if you are investing in senior citizens, you're investing the senior citizens in hedge funds. you could be charged with fiduciary irresponsibilities. i'd like you to divest from hedge funds. not only is it bad fiduciary responsibility, but a bad investment over the last 10 years and bad investment in the next 10 years, thank you. >> thank you. just for the good of of the order, i have to lever in 10 minutes to catch a flight. other commissioner have to be out by 5:45. i think we are in an okay spot in the agenda. mr. secretary, mr. item please. >> item 14, personnel committee report. commissioner kassiano. >> we approved the minutes of august 22nd meeting. we convened in closed session and evaluation to the actual services coordinator then convened in closed session for the performance of the executive drecialght and forwarded the valingses to the full b