Page 3 - Performance Funds News Today

Will be the one breakthrough in bipartisan negotiations. The release of two americans held by north korea. Kenneth arrived at a military base outside washington. North korea sentenced them to years of hard labor. There is no ill will. He would not have wasted the two years upon himself. I think he looks back and he wants good to come out of all of this for everyone involved. North korea says Matthew Miller was trying to investigate the countrys human rights investigation. Residents have overwhel...

The situation is getting dangerous, he says. He talked with bloomberg television. The risks to the World Economy, the risks to the british economy are a standoff it is growing each day. It is a miscalculation or a misstep growing as well. The greek exit from the euro could be damaging to the continents economy. The Justice Department turning up the heat on four of the Worlds Largest banks. Prosecutors want the banks to plead guilty to criminal charges to settle an investigation into currency man...

Hedge funds. Its not okay. I say its staff management who says its okay to invest in hedge fund. [ applause ] good afternoon Board Members. Im joshua, i work for the children of San Francisco. I have a very large risk because im relatively young, not as young as i once was. Thats why i have an ira. My pension is very important to me. Thats why i took a pay cut to work in Public Service. I took that because i wanted to work in Public Service but one of the ways to justify that myself to my family...

Attack on Public Workers that cant afford to live here. Service workers have to spend 23 hours driving to San Francisco. Why is that . Do we only have space for millionaires in San Francisco, only have space for developers in San Francisco. This board, driscoll who is a union member, says to hedge funds. Its not okay. I say its staff management who says its okay to invest in hedge fund. [ applause ] good afternoon Board Members. Im joshua, i work for the children of San Francisco. I have a very ...

Hedge funds. Its not okay. I say its staff management who says its okay to invest in hedge fund. [ applause ] good afternoon Board Members. Im joshua, i work for the children of San Francisco. I have a very large risk because im relatively young, not as young as i once was. Thats why i have an ira. My pension is very important to me. Thats why i took a pay cut to work in Public Service. I took that because i wanted to work in Public Service but one of the ways to justify that myself to my family...

Have you learned from 2008 . Apparently not. Some unions say we should have money in hedge funds. I say bull. I say bull. We dont need any money in hedge funds and in fact those unions telling us to invest in hedge funds are not doing us a service. In fact they tell us to invest more and we need to put more money of our pension. I say no. Will let the billionaires in San Francisco. They have not. They have tax deductions. They are not paying their share. They are saying that Public Employees hav...

Typically theyll get a gain an Incentive Fee on the 20 percent but not in the subsequent where were well into the next year until theyre back to where they were at the prior point and okay. So in essence their losses will offset their gain. Thats correct. One by one. Not everyone at the same time. The majority have my water marks. The claw back you get our money back if they lose money thats not the case here it is subsequent gains youre not paying an Incentive Fee. If they go out of business yo...

Happening we talked about the currency overlay it wasnt the same level of oh, i made a mistake i want to communicate fully those kinds of habits go a long way to get truth for the people that have the capital i want to discuss some of the comments by the unions that represent the members this was by terry that we have to trust the exerts let me give you a quote from jfk from the bay of pigs how could i have been so foolish to trust the experts we almost went to uniquely last year war so you tell...

For the infrastructure and 2 should be lower for that as well. So on the report a thats what i have lets go to the report and the recommendations on the table since the gentleman wants us to see the elements let go to the precise page and the number were looking at here. Two on the i thought that is page 11 the second column from the right so okay. So lets this is the motion on the table i believe this is the with whats called page 11 the second to the far right most column that is the title eas...

The next year until theyre back to where they were at the prior point and okay. So in essence their losses will offset their gain. Thats correct. One by one. Not everyone at the same time. The majority have my water marks. The claw back you get our money back if they lose money thats not the case here it is subsequent gains youre not paying an incentive fee. If they go out of business your toast. Thats true. Were truly sorry you lost 95 percent of our money but not sorry enough to give back the ...