Executive Council Statement
Private Equity and Hedge Funds
… Chicago AFL-CIO Executive Council statement In the past year, the global labor movement has mobilized to address the issue of what John Monks, president of the European Trade Union Confederation, has labeled the … last March. However, the recent dramatic growth in both leveraged private equity and hedge funds has made it necessary to state the labor movement’s views on the challenges these funds pose to policymakers, to workers and their unions and to … workplace practices of private equity and their impact on long-term value creation. We particularly urge fiduciaries to work with their asset consultants to ensure the total exposure to either of these categories is modest and the expectations …