Just received here, a statement related to the ongoing campaign by the American Federation of Teachers against groups that seek to reform the public pension system:
June 12, 2013
CLIFF ASNESS STATEMENT ON RECENT MEDIA REPORTS
The New York Post and Bloomberg News have reported that I intend to resign in the near future as a trustee of the Manhattan Institute. That is not true, and it should be corrected. I will continue to serve on the board because I share the Institute's respect for the power of liberty to better people's lives (which, of course, as for anyone in a similar position, does not translate to my sharing their every opinion). I will also continue to work in support of defined-benefit plans in order to ensure they play an important role in providing for the secure retirement of their beneficiaries, a vital national interest, and will carry on my long-standing advocacy for pension plan participants, individual savers and public trusts, even when this is contrary to entrenched Wall Street interests.
Contrary to some reports, Cliff Asness is and will continue to be a board member of the Manhattan Institute because he shares the Institute's respect for the power of liberty to better people's lives. Cliff's daily mission at AQR is to work to ensure that all pension plans, very much including defined-benefit plans, continue to provide for the secure retirement of their beneficiaries, a vital national interest.