Page 10 - Fund Direct News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Streetscape it to the direct fund at this point there is more work to be done as we get the structure in place it includes staff and consultants we can evaluate the combination of one or the other. I do want clarity does it mean that staff comes back prior to making the investments come back to the board to propose whatever percent or a giving the staff the authority to go 5 percent directly or are they come back prior to those decisions. Commissioner stansbury said i think i said it was listed in the materials of what. Commissioners. I thought it was litigating listed im asking for clarity. Y...

To explain where you would put any money into an unwise have you ever known there are clearly all of the. 30 seconds. Well be here to hear our decision were not going away we have our calendars marked every month for this meeting thank you clapping. if no other Public Comment ill close Public Comment and call item 2. Item 2 an action item approve the minutes of january 14th retirement Board Meeting. Is there a motion of adoption. Ill move. Open up for Public Comment on item 2 seeing none, Public Comment is closed. Jake and ill pout one amendment that staff proposed in a memo from norm a clarif...

Also conduct a search for staff those two will go on simultaneously and probably come to an end at the same time when theyre in place together the three of us meaning you know the external party and internal hire will present the guidelines the guidelines will be 6 months away. So were talking 2016 almost. 2018. The infrastructure will be the are you asking when the First Investment will happen. Kind of a benchmark. Im going to throw out guess around december fwith 2015 maybe march 21st 2016. No, im good. Great so mr. Cokeer when i come back with the rfp with the end result youll have the priv...

Performance benchmark duties the first believability to provide the implementation id like to have with and without leverage since we all know that hedge fund have more leverage so without leverage and with leverage to see the effect that will be the make sense so that is on page 3 moving on to page 4 for d. Can i have a question. Thats not practical is it hannah. That was going to be the question talking about the the evidence will then show of fund to fund or the underlying hedge fund. The question flying would be the best because of individual managers i think it or you should adjust for ri...

Staff well obviously as part of our consideration the resources necessary to Carry Forward any recommendation we bring so if in a staff person not on board b with direct investment well not bring that forward as recommendation to the board ill again say i approve that mandate last month were in an active recruitment i want to as a request for information to give us more information upon of to make a recommendation for you to leave it open so we can show you whether or not we can bring someone on board to make the board understand and feel for comfortable with potentially a hybrid approach and ...