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Ms. Zimmermann asked if there is another way to split the manager review meetings since there<br />
were over thirty people attending today.<br />
Mr. Kuhn asked if they would prefer a mix of managers including fixed income, equities, and<br />
private equity.<br />
Ms. Zimmermann said that could provide a more interesting perspective.<br />
Mr. Kuhn asked if the Board would prefer that only the portfolio managers attend the meeting<br />
and that they eliminate the marketing people. They could hold a dinner the evening prior to the<br />
meeting including the marketing people.<br />
The meeting adjourned at 4:04 p.m.<br />
GERS Special Meeting Minutes<br />
February 22, 2011 - 26 -
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