Wednesday, 21 February 2007

Trustees are key to the private equity debate

This is more like it. If unions want to have some control over private equity an obvious starting place is their trustees on pension funds. Some of the big pension funds (which tend to be jointly trusteed, so already union members on the board) have already put billions into PE. The key is to get them to start thinking about the implications of what they are investing in and, if possible, sorting the good from the bad.

Good news then that the TUC is planning to brief union MNTs on PE. Brendan Barber's speech last night understandably got quite a bit of coverage. The Grauniad, Indie and FT for example.

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