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CREATED:20141214T212200Z
DESCRIPTION:12/16 Speak Out To Stop Vulture Capitalist Wendy Paskin-Jordan To Five Year 
 Term On SFERS Pension Board\nHedge Fund Advocate Wendy Paskin-Jordan:  \nSF 
 Employees’ Retirement System Board Member’s Conflict of 
 Interests\n\nSFERS Commissioner Paskin-Jordan was a managing partner/owner 
 of Paskin & Kahr Capital Management, LLC when appointed to SFERS in 2010.  
 By 2012, she became the Chief Executive Officer/Owner of Paskin Capital 
 Advisors, LLC.  As a known supporter of hedge fund investing, there are 
 reports she may either sell hedge fund investments, or may advise her 
 clients to invest in hedge funds other so-called “alternative 
 investments”.  As such, she has no business encouraging SFERS to invest 
 in risky hedging.\n\nOn Monday, December 8, 2014, Mayor Ed Lee forwarded 
 his nomination to re-appoint Paskin-Jordan to the San Francisco 
 Employees’ Retirement System (SFERS).  On Tuesday, December 9, Supervisor 
 John Avalos introduced a motion to have the full San Francisco Board of 
 Supervisors sit as a “Committee of the Whole” on Tuesday, December 16 
 to consider whether the City Supervisors should approve of the Mayor’s 
 re-appointment of Paskin-Jordan to the SFERS Board, or to reject her 
 re-nomination.\n\nPaskin-Jordan’s Link to BlackRock … and Failure to 
 Recuse Herself From a Key SFERS Vote\n\nPaskin-Jordan most likely should 
 have recused herself from a key SFERS vote involving BlackRock Investments, 
 but didn’t, during a full SFERS Board meeting on May 8, 2013, when the 
 Board entertained a motion to terminate BlackRock Investments from a 
 currency overlay program that may, or may not, have involved hedge 
 funds.\n\nAs the illustration above shows, Mayor Lee claimed on behalf of 
 Paskin-Jordan in her biography attached to his re-appointment letter that 
 she served on Barclays Global Investors’ board of directors until it was 
 acquired by BlackRock.  The Mayor claims she serves as a Trustee of various 
 funds of BlackRock Funds.  Although she cast a vote to terminate BlackRock, 
 she shouldn’t have voted at all, given her probable conflict of interest. 
  Why is a millionaire capitalist on a Board for civil service employee 
 pensions?\n\nTroubling Form 700’s (Statements of Economic 
 Interest)\n\nPaskin-Jordan’s Form 700’s reveal two gifts totaling 
 $31,599.95 for foreign travel.  Paskin-Jordan’s “assuming office” 
 Form 700 filed in September 2010 listed a November 21, 2009 trip paid for 
 by the City’s San Francisco–Bangalore Sister City Initiative.  The 
 “gift” included hotel, meals, and airfare for two at a cost of $16,500 
 on a trip admittedly performed before she took office.\n\nAlso on her 
 “assuming office” Form 700, she listed a second trip on June 16, 2010 
 paid for by the City’s San Francisco–Shanghai Sister City project 
 dubbed as the “San Francisco Week World Expo in Shanghai,” another 
 “gift” worth $15,099.95 that again included hotel and airfare for two.  
 It’s unclear whether Paskin-Jordan was invited along on both Sister City 
 trips to solicit investments in SFERS’ portfolio, investments in the 
 City, or her business investments.\n\nTwo Ethics Commission Whistleblower 
 Complaints Involving Form 700’s\n\nTwo formal whistleblower complaints 
 about Paskin-Jordan’s Form 700’s were filed.  One complaint dated 
 September 2, 2014 alleging a violation of an applicable Statement of 
 Incompatible Activities over Paskin-Jordan’s investments in GMO’s 
 Quality Fund was forwarded by SFERS Executive Director Jay Huish to San 
 Francisco Ethics Commission Executive Director, John St. Croix also on 
 December 8.  An April 2014 complaint alleges Paskin-Jordan made a business 
 trip to New York City in 2013 to further her private business; SFERS 
 reportedly paid for her NYC trip.  The Board of Supervisors received copies 
 of both Ethics complaints.  E-mail the Supervisors today opposing 
 Paskin-Jordan’s re-appointment!\n\nYour Pension Funds Are at Stake!  
 Attend the Board of Supervisors Meeting \nTuesday December 16 at 3:30 p.m. 
 to Testify Against Paskin-Jordan’s \nRe-Appointment During This 
 “Committee of the Whole” Agenda Item!\n\n\nPlease see an article by 
 International Business Times reporter David Sirota published today, 
 Saturday, December 13, 
 2014:\nhttp://www.ibtimes.com/investment-san-francisco-pension-official-raises-questions-about-favors-1752550\n\nPatrick 
 Monette-Shaw \n\nTo unsubscribe, send me an e-mail \n\n\n\n 
 https://www.indybay.org/newsitems/2014/12/14/18765560.php
SUMMARY:Speak Out To Stop Vulture Capitalist Wendy Paskin-Jordan To Five Year Term On SFERS
LOCATION:San Francisco City Hall Polk & McAllister\nSupervisor's Chamber
URL:https://www.indybay.org/newsitems/2014/12/14/18765560.php
DTSTART:20141216T233000Z
DTEND:20141217T013000Z
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