Money management heavy hitters Cliff Asness, Henry Kravis
and Thomas McWilliams have blinked. The trio are cutting their ties to the
Manhattan Institute, the conservative think tank whose policy experts have
called for the abolition of defined benefit public pension plans, The Post has
learned. The moves come after the
American Federation of Teachers in April called out 33 top money managers for
backing efforts to eliminate public pensions — while soliciting their
investment dollars.
AQR founder Asness has agreed not to renew his term on the
Manhattan Institute board of trustees when it expires in less than a year and
to work with the group to “moderate” its position on defined benefits in the
meantime, according to e-mails sent to the AFT ….
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