mr. melberger ms. paskin-jordan mr. stansbury a quorum is present. >> (calling names) for any item not on the agenda matthew hawthorne following by david williams. >> hi that was a marsha hawthorne i believe and my icing apologizes. >> i attended the january 7th special at the board of supervisors to review the reappointment of ms. paskin-jordan i was surprised but pleased to hear he her tell the board she'll be a leader on fossil fuel for this pension plan we can't afford to wait for action the retirement board activated level one proxy voting 11 months ago that clearly has had no effect on the 2 hundred copies from the investment procedure in the meantime we're in the middle of a massive grauth drought we're witnessing the fall of oil prices on the effect of global warming because the of unburdenable assets the effect is much larger the short window of fund we have to protect the fossil fund is rapidly closings and this board is doing absolutely absolutely importing and exporting nothing it is long past the time for e

mr. melberger and the chair to finalize the agenda and arrangement we are most linkage going to be selecting between a private and hotel vendor for a location but be sure to provide the information i wanted to report on the something i reported on earlier that is a new requirement of the consultants file form seven hundred i believe we received the form seven hundred from all the consultant so we'll have let them know under those part find an annual process sometime when the board files at the same time they'll be filed with us that's we've preside you with the educational opportunity is lettuce forward calendar and some of the questions that the president had previously on the san francisco headaches and the report for the march meeting and so we've added those 2 to 3 the calendar i'm happy to answer any questions you may have. at this time. >> any questions. >> commissioner. >> yeah. the board retreat you finally listed the agenda i haven't seen is. >> there's one in process as do you knows what the copies are generally. >> i think that is focus. >> the theme or focus. >> the decision mich

mr. melberger >> for the contributes to return he go by the sector and selection this should effect the number or maybe they've got trouble i'm trying to fought how to effects the performance remember the one page that's a timing initial will it effect that. >> i would expect a modified tracking error and i'll answer your question the tracking area is targeted to be 45 periods of time then they very a return target in line with that they expect their tackling to be in that range but got up a little bit the utility environment is hard to track and the tracking error on the lower end that exit terms they don't expect the changes in the ratio they feel the change p will modest there actually shares that's in the measure in terms of characterizing the excess returned i don't believe i don't think it's a dramatic it is a better way to engineer their that time for the stocking consultant about 40 percent of they're overall model and the shock selections that's the part with where the global option and thirty percent a current fee think of it as 60 percent of the overall model is not changed. >> my d

mr. melberger i want to introduce a company that added the process i mean because you disagree with the staffer. >> what i will sighing say i've done with the due diligence i've spent monday afternoon reading and the real problem there are things that are very large hundreds of pages they say for those who submitted an rfp they call it a royal change because it is so many documents from the a b licenses and everything else in terms of the references and the represents the fees i believe were among the lowest chosen i believe one the candidates be selected they maybe twice as high as the fees but that's an important issue in terms of the way they look at things the boarder candidates that have been selected plus - >> i think i'm uncomfortable there were a total of 6 candidates and you're asking us to evaluate one more why not bring the other one it seemed arbitrary i'm uncomfortable and i want to respect your worries about but i'm more comfortable with supporting the staffs recommendations i guess what i'm trying to hear a compelling reason why the pc a and not the other 6 keypads. >> i thought

mr. nolan commissioner bridges commissioner driscoll commissioner melberger commissioner paskin-jordan commissioner stansbury a quorum is present. >> thank you next item public comment any members of the public would like to address the public on a non-calendared item. >> good afternoon david. >> good afternoon. >> on those (inaudible) my question is how will the - minutes question and the special meeting open december 3rd be put into a agenda item important this - (inaudible) some other first question then i just want to - >> great, thank you. >> good afternoon claire. >> hello. >> address the comments - the membership (inaudible) and hedge fund (inaudible) up here to do today is to - sign off and hopefully everything (inaudible). >> kimberly. >> good afternoon. i do (inaudible) let the chair know and the board that has been satisfied (inaudible) the board (inaudible) sociowe can - that is the amount (inaudible) available for (inaudible) to take more for we understand this - (inaudible) that appeal (inaudible) and maximum effort we would like to have (inaudible) at least in the next quarter (inaud

melberger. >> i have a few questions maybe a request this dovetails other than the comments regarding communications responsiveness mr. williams asked in terms of the response and the answer we gave is no i'll suggest the claurntd items that deal with the inquires of the members of the public regarding minutes which is what dave's comments was for example the compensation plans and questions on the annual report people wanted to know before the annual report and hedge few minutes letters around hedge funds and i've no evidence of the responses by the members of staff so i'll suggest as well as the commissioners i mean commissioners requests for an answer so those kinds of kinds of things to deal with a timeline responsiveness for the inquires because i've golden roughly 3 hundred e-mails all of which i've respond to virtually all of the e-mails i've gotten i want to make sure the similar responsiveness among the staff those are the customers and we need to give an answer she wrote an e-mail and has she been respondent to those are the customers we deserve we're we must give them a response so there's no consistency w