SEIU to Expose Underperformance, Mismanagement at Protest

On Wednesday, the SEIU will be demonstrating outside of a State of Wisconsin Investment Board (SWIB) monthly meeting, as they expose the losses and mismanagement of a Lazard-affiliated investment, owned by state and international pension funds. The SEIU activists will call on SWIB to stop gambling with workers’ pension fund money.

The demonstrators ‘€œwill target pension fund involvement in a Lazard-affiliated fund which owns Atria Senior Living, one of the largest senior living chains in the United States,’€ citing the fund’s persistent underperformance and its loss of millions of dollars since its started in 1998. The Lazard-affiliated real estate fund owns Atria Senior Living, which has been accused of violating wokers’ civil rights and has been cited by state authorities for ‘€œserious resident care problems.’€

 The demonstration on Wednesday by SEIU Healthcare and the Campaign to Improve Assisted Living’s will kick off their new international effort to make pension funds hold Lazard accountable to investors and working families.

Check out the event on One Wisconsin Now’s events page for more information.

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