This is a troubling development. It's not even a month since the voters unfortunately authorized public funds to be invested "in the stock market", and now we see that they are rushing into derivatives. Hopefully we all remember that it was instruments similar to these that triggered the 2008 world-wide financial crisis. Compounding the problem is that, in handing the management over to the UO foundation, there is no transparency: they are not required to, nor do they intend to provide details on these investments. I understand that Mr. Namyet has a stellar investing record with the foundation. But every single person with a stellar investment record eventually makes a big mistake. How big will that mistake be? We all must understand that there will eventually be a loss of public funds due to these investments. We can only hope it doesn't destroy the budget of the University or the entire state of Oregon. And without oversight of the foundation, no one will see it coming.