Some hedge fund managers are reportedly “honored” to have been targeted by a teachers labor union last week.
Business Insider reported that some of the hedge fund managers it interviewed viewed the inclusion of their firms in the 'watch list' released by the American Federation of Teachers as a “badge of honor,” while others have used the event to adopt a lower profile.
According to an earlier eVestment article, AFT listed nearly 35 hedge fund firms and managers that it claims profit from pension fund investments while simultaneously supporting groups that attack traditional pension plans.
Some of the hedge fund managers listed by the union include ThirdPoint founder Dan Loeb, AQR’s Cliff Asness and Tiger Management’s Julian Robertson.
Whitney Tilson, who runs Kase Capital (formerly T2 Partners), told Business Insider that he believes one of the reasons why many hedge fund managers are for educational reform because it is “only natural that they would look for higher return on investments.”