MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, April 19, 2013 DFA and AQR Face Flak From Teachers Dimensional Fund Advisors and AQR Capital Management are under attack over claims that they're fighting against public sector pension plans. Today the American Federation of Teachers released a "Retirement Security Report on Money Managers for Trustees," listing 33 asset managers who, according to the federation, directly or indirectly, support replacing government employees' defined benefit pension plans with defined contribution plans along the lines of 401(k)s. The federation bristles at the fact that many of the hedge fund and private equity managers on the list manage big money for government DB plans, even as they advocate a shift away from those plans. And the federation warns that the "report is not intended as a one-time publication" and that they will add more asset managers to the list when they can. AQR issued a statement on the subject on their position regarding defined-benefit pension plans. “AQR helps many defined-benefit plans achieve their investment objectives. It is critical that defined-benefit plans survive and thrive to provide secure retirements for their beneficiaries,” their statement reads. Printed from: MFWire.com/story.asp?s=43656 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |