Subject: Teamsters Love Private Equity
From: "Eric Schwerin" <[email-masked]>
To: "Chuck Harple" <[email-masked]>, "Mike Mathis" <[email-masked]>, "Hunter Biden" <[email-masked]>
Date: Fri, 1 Jun 2012 09:41:00 -0400

TEAMSTERS LOVE PRIVATE EQUITY- CNBC's Eamon Javers: "If you've been listening to Teamsters President James Hoffa lately, you might think the Teamsters hate private equity. After all, Hoffa made this blistering criticism of ... Romney and his career in private equity at Bain Capital on May 7th: 'He represents everything that is wrong with our financial system. He made his money as CEO of Bain Capital by destroying U.S. businesses, sending good-paying American jobs overseas and filling his pockets with millions while putting workers out on the street.'

"But it turns out that the Teamsters themselves make plenty of money from private equity through investments made by their regional pension funds, which are independently administered. In fact the Western Conference of Teamsters Pension Trust has about $1.5 billion invested in private equity funds, according to the head of that pension board's investment committee, Rome Aloise" http://goo.gl/HoSa7

Eric D. Schwerin
[email-masked]

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