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Rally: Get The Crooks Out Of SF Employees Retirement System SFERS
Import event into your personal calendar
Date:
Monday, January 05, 2015
Time:
4:00 PM
-
6:00 PM
Event Type:
Press Conference
Organizer/Author:
United Public Workers For Action
Location Details:
Paskin Capital Advisors, LLC
655 Montgomery Street Suite 1410
San Francisco, CA 94111
655 Montgomery Street Suite 1410
San Francisco, CA 94111
1/5/15 Rally Speak Out At Wendy Paskin-Jordan’s Office
No More Crooks And Thieves In San Francisco Employees
Retirement Service SFERS
Wendy Paskin-Jordan- Get Your Greedy Hands Out Of Our Pension Money Now!
Monday January 5, 2014 at 4:00 PM
Paskin Capital Advisors, LLC
655 Montgomery Street Suite 1410
San Francisco, CA 94111
Wendy Paskin-Jordan is an executive and is the majority owner of Paskin Capital Advisors, LLC, a $627M RIA based in San Francisco, CA. She is also has been using her position on the board of the City and County of San Francisco Employees Retirement System SFERS with $20 billion to push for investments in deals that she has an interest in. Now her crony and pal SF Mayor Ed Lee has appointed her to another 5 year term knowing that she has financial conflicts of interest in her self dealing using her position.
While she has been on the board, she has used her position to get special favors from hedge fund speculators and also used fund money to travel on business for her multi-billion dollar hedge business. She also lied about her conflicts of interest when voting on decisions affecting pension investments of tens of thousands of pension plan members.
The pension board under former mayor’s Willie Brown, Gavin Newsom and now Ed Lee has been packed with speculators in the management and the board who want to turn the pension money over to hedge fund speculators and they have even hired a hedge fund speculator to give them advise on where to put worker pension funds where there is no transparency by law. Even the environmental movement and groups like 350.org are against Paskin-Jordan who wants to continue to invest in the oil industry and refuses to divest the pension money out of these industries despite even a vote of the Board of Supervisors.
At the same time, these hedge fund speculators have the support of the Police Officer’s Association POA and the International Federation of Professional & Technical Engineers Local 21 and it’s crooked Executive Director Bob Muscat who is also the chairman of the San Francisco Labor Council Public Employees Committee.
Muscat has been attacking TWU 250A transit operators demanding that they take concession and also demanding that San Francisco city workers pay more for their pensions and healthcare benefits and now he want to support the theft of our pension funds by turning them over to hedge fund speculators. He was a major operative behind Prop C which has cost San Francisco city workers tens of millions in pay cuts that mainly hurt low income workers.
It is time to clean house and the first step is making sure that the crooked hedge fund speculator Wendy Paskin-Jordan does not get re-appointed to the SFERS board for a five year term. The SF Board Of Supervisors under pressure from city workers and retirees and environmentalists have demanded that she appear before the board on Tuesday January 6, 2105 at 2:00 PM to explain to them why she doesn’t have conflicts of interest.
City Workers, Retirees, Public Workers and Those who want to defend the pensions of public workers and the public need to make their voice heard at Wendy Paskin-Jordan’s office to let her know that her corrupt schemes are over at SFERS.
Get The Hedge Fund Speculators and Crooks Out Of San Francisco Pension Board
Stop The Theft Of Our Pension Funds Now!
Prosecute and Jail Wendy Paskin-Jordan And The Other Crooks In The San Francisco Employees Pension Service SFERS
United Public Workers For Action
http://www.upwa.info
(415)282-1908
For additional information
http://libertyblitzkrieg.com/2014/10/09/consultant-the-san-francisco-pension-fund-asked-whether-it-should-invest-in-hedge-funds-runs-a-hedge-fund/
http://www.valuewalk.com/2014/12/san-francisco-pension-gmo/
http://blog.sfgate.com/cityinsider/2014/12/15/financial-questions-dog-former-sf-first-lady-wendy-paskin-jordan/
https://www.youtube.com/watch?v=bjznPAFcCNE
https://www.indybay.org/newsitems/2014/12/14/18765560.php
No More Crooks And Thieves In San Francisco Employees
Retirement Service SFERS
Wendy Paskin-Jordan- Get Your Greedy Hands Out Of Our Pension Money Now!
Monday January 5, 2014 at 4:00 PM
Paskin Capital Advisors, LLC
655 Montgomery Street Suite 1410
San Francisco, CA 94111
Wendy Paskin-Jordan is an executive and is the majority owner of Paskin Capital Advisors, LLC, a $627M RIA based in San Francisco, CA. She is also has been using her position on the board of the City and County of San Francisco Employees Retirement System SFERS with $20 billion to push for investments in deals that she has an interest in. Now her crony and pal SF Mayor Ed Lee has appointed her to another 5 year term knowing that she has financial conflicts of interest in her self dealing using her position.
While she has been on the board, she has used her position to get special favors from hedge fund speculators and also used fund money to travel on business for her multi-billion dollar hedge business. She also lied about her conflicts of interest when voting on decisions affecting pension investments of tens of thousands of pension plan members.
The pension board under former mayor’s Willie Brown, Gavin Newsom and now Ed Lee has been packed with speculators in the management and the board who want to turn the pension money over to hedge fund speculators and they have even hired a hedge fund speculator to give them advise on where to put worker pension funds where there is no transparency by law. Even the environmental movement and groups like 350.org are against Paskin-Jordan who wants to continue to invest in the oil industry and refuses to divest the pension money out of these industries despite even a vote of the Board of Supervisors.
At the same time, these hedge fund speculators have the support of the Police Officer’s Association POA and the International Federation of Professional & Technical Engineers Local 21 and it’s crooked Executive Director Bob Muscat who is also the chairman of the San Francisco Labor Council Public Employees Committee.
Muscat has been attacking TWU 250A transit operators demanding that they take concession and also demanding that San Francisco city workers pay more for their pensions and healthcare benefits and now he want to support the theft of our pension funds by turning them over to hedge fund speculators. He was a major operative behind Prop C which has cost San Francisco city workers tens of millions in pay cuts that mainly hurt low income workers.
It is time to clean house and the first step is making sure that the crooked hedge fund speculator Wendy Paskin-Jordan does not get re-appointed to the SFERS board for a five year term. The SF Board Of Supervisors under pressure from city workers and retirees and environmentalists have demanded that she appear before the board on Tuesday January 6, 2105 at 2:00 PM to explain to them why she doesn’t have conflicts of interest.
City Workers, Retirees, Public Workers and Those who want to defend the pensions of public workers and the public need to make their voice heard at Wendy Paskin-Jordan’s office to let her know that her corrupt schemes are over at SFERS.
Get The Hedge Fund Speculators and Crooks Out Of San Francisco Pension Board
Stop The Theft Of Our Pension Funds Now!
Prosecute and Jail Wendy Paskin-Jordan And The Other Crooks In The San Francisco Employees Pension Service SFERS
United Public Workers For Action
http://www.upwa.info
(415)282-1908
For additional information
http://libertyblitzkrieg.com/2014/10/09/consultant-the-san-francisco-pension-fund-asked-whether-it-should-invest-in-hedge-funds-runs-a-hedge-fund/
http://www.valuewalk.com/2014/12/san-francisco-pension-gmo/
http://blog.sfgate.com/cityinsider/2014/12/15/financial-questions-dog-former-sf-first-lady-wendy-paskin-jordan/
https://www.youtube.com/watch?v=bjznPAFcCNE
https://www.indybay.org/newsitems/2014/12/14/18765560.php
For more information:
http://www.upwa.info
Added to the calendar on Sun, Dec 28, 2014 7:06PM
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Hedge Fund Advocate Wendy Paskin-Jordan:
SF Employees' Retirement System Board Member's Conflict of Interests
SFERS Commissioner Paskin-Jordan was a managing partner/owner ofPaskin & Kahr Capital Management, LLC when appointed to SFERS in 2010. By 2012, she became the ChiefExecutive Officer/OwnerofPaskinCapitalAdvisors,LLC. Asaknownsupporterofhedgefundinvesting,· 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, ~he has no business encouraging
SFERS to invest in risky hedging.
On Monday, December 8, 2014, MayQr Ed Lee forwarded his nomination t9 re-~ppointPaskin- JordantotheSanFranciscoEmployees'RetirementSystem(SFERS). OnTuesday,December9, 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 ofthe Mayor's re-appointment ofPaskin-Jordan to the SFERS Board, or to reject her re-nomination.
Paskin-Jordan's Link to BlackRock ... and Failure to Recuse Herself From a Key SFERS Vote . .
Paskin-Jordan most likely should have recused herself from a key SFERS vote involving lackRock 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..
As 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 ofvarious funds ofBlackRock Funds. Although she cast a vote to terminate BlackRock, she shouldn't have votedatall,givenherprobableconflictofinterest. WhyisamillionairecapitalistonaBoardfor civil service employee pensions?
Troubling Form 700's (S.tatements of Economic Interest)
Paskin-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 forbytheCity'sSanFrancisco-BangaloreSisterCityInitiative. The"gift"includedhotel, meals, and airfare/or two at a cost of $16,500 on a trip admittedly performed before she took office.
t\lso on her "assuming office" Form 700, she listed a second trip on June 16, 2010 paid for by the . ,,ity'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 airfarefor two. It's unclear whether Paskin-Jord~ was invited along on both Sister City trips to solicit investments in SFERS' portfolio, investments in the City, or her business investments.·
Two Ethics Commission Whistleblower Complaints Involving Form 700's
TwoformalwhistleblowercomplaintsaboutPaskin-Jordan'sForm700'swerefiled. One complaint dated September 2, 2014 alleging a violation of an applicable Statement ofIncompatible Activities over Paskin-Jordan's investments in GMO's Quality Fund was forwarded by SFERS Executive Director Jay Huish to San Francisco Etlp.cs 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 herNYCtrip. TheBoardofSupervisorsreceivedcopiesofbothEthicscomplaints. E-mailthe Supervisors today opposing Paskin-Jordan's re-appointment!
Your Pension Funds Are at Stake! Attend the Board of Supervisors Meeting Tuesday. December 16 at 3:30 p.m. to Testify Against Paskin-Jordan's Re-Appointment During This "Committee of the Whole" Agenda Item!
Please see an article by International Business Times reporter David Sirota published today, Saturday, December 13, 2014:
213
http://www.ibtimes.com/investment-san-francisco-pension- official-raises-guestions-about-favors-1752550
Patrick Monette-Shaw

SF Employees' Retirement System Board Member's Conflict of Interests
SFERS Commissioner Paskin-Jordan was a managing partner/owner ofPaskin & Kahr Capital Management, LLC when appointed to SFERS in 2010. By 2012, she became the ChiefExecutive Officer/OwnerofPaskinCapitalAdvisors,LLC. Asaknownsupporterofhedgefundinvesting,· 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, ~he has no business encouraging
SFERS to invest in risky hedging.
On Monday, December 8, 2014, MayQr Ed Lee forwarded his nomination t9 re-~ppointPaskin- JordantotheSanFranciscoEmployees'RetirementSystem(SFERS). OnTuesday,December9, 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 ofthe Mayor's re-appointment ofPaskin-Jordan to the SFERS Board, or to reject her re-nomination.
Paskin-Jordan's Link to BlackRock ... and Failure to Recuse Herself From a Key SFERS Vote . .
Paskin-Jordan most likely should have recused herself from a key SFERS vote involving lackRock 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..
As 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 ofvarious funds ofBlackRock Funds. Although she cast a vote to terminate BlackRock, she shouldn't have votedatall,givenherprobableconflictofinterest. WhyisamillionairecapitalistonaBoardfor civil service employee pensions?
Troubling Form 700's (S.tatements of Economic Interest)
Paskin-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 forbytheCity'sSanFrancisco-BangaloreSisterCityInitiative. The"gift"includedhotel, meals, and airfare/or two at a cost of $16,500 on a trip admittedly performed before she took office.
t\lso on her "assuming office" Form 700, she listed a second trip on June 16, 2010 paid for by the . ,,ity'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 airfarefor two. It's unclear whether Paskin-Jord~ was invited along on both Sister City trips to solicit investments in SFERS' portfolio, investments in the City, or her business investments.·
Two Ethics Commission Whistleblower Complaints Involving Form 700's
TwoformalwhistleblowercomplaintsaboutPaskin-Jordan'sForm700'swerefiled. One complaint dated September 2, 2014 alleging a violation of an applicable Statement ofIncompatible Activities over Paskin-Jordan's investments in GMO's Quality Fund was forwarded by SFERS Executive Director Jay Huish to San Francisco Etlp.cs 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 herNYCtrip. TheBoardofSupervisorsreceivedcopiesofbothEthicscomplaints. E-mailthe Supervisors today opposing Paskin-Jordan's re-appointment!
Your Pension Funds Are at Stake! Attend the Board of Supervisors Meeting Tuesday. December 16 at 3:30 p.m. to Testify Against Paskin-Jordan's Re-Appointment During This "Committee of the Whole" Agenda Item!
Please see an article by International Business Times reporter David Sirota published today, Saturday, December 13, 2014:
213
http://www.ibtimes.com/investment-san-francisco-pension- official-raises-guestions-about-favors-1752550
Patrick Monette-Shaw

For more information:
http://http://www.ibtimes.com/investmen...
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