Asset management firms with pro-defined contribution viewpoints may want to think twice about asking public sector defined benefit plans for contributions to their funds.
That’s because the American Federation of Teachers union yesterday released a
FINalternatives also
Included in the list is Dimensional Fund Advisors, whose co-founder Rex Sinquefield is president of the Show-Me Institute, and K2 Advisors, which is
"This is about transparency—a right to know," said AFT president Randi Weingarten, in an interview.
"America's workers and pension trustees deserve to know if the asset managers with whom they are investing their hard-earned retirement savings are also aligned with organizations advocating for the elimination of those same pension plans."