thank you very much. [ applause ] >> hello, my name is richard rothman and i support the motion to postpone and look at more options. i'm more concerned about the fees. i mean, when are they last year in the budget, the retirement system asked for more staff and one of the reasons for asking for more staff was to do their own investment. so, why, you know, i think we should have more of our own advisors, their loyalty to us and not to have consultants who work for who else they are loyal to and i would like to hear a report from the president or the executive director when the president found out that angels had a hedge fund in the cayman islands and if there was a conflict and if not, why wasn't there a conflict. if they are going to make 9 percent after net, how much will we make if we didn't have consultants and we just in vested the money directly without having to pay the hedge fund their fees and they get their fee before they give us their fee. i would rather have people on our staff and maybe pay them more at least we know they are looking after our best interest and beneficiaries.