Skip to main content

Information is power. Our mission at Portside is to seek out and to provide information that empowers you -- that empowers the left. Every day we search hundreds of sources to connect you with the most interesting, striking and useful material. Just once a year we appeal to you to contribute to make it possible to continue this work. Please help.

 

labor

Loeb Opposes Teachers Union on Pensions as Asness Quits

Martin Z. Braun and Amanda Gordon BLOOMBERG
In April, the union included four billionaires on its “watch list” of money managers that support groups the labor organization said are hostile to traditional public pensions. The groups included StudentsFirst, an organization that backs eliminating tenure and funding charter schools at the same level as public ones. Daniel Loeb, founder of Third Point LLC, an activist investor is the only one of 33 managers targeted by the AFT to push back publicly against the union.
Subscribe to pension fund