Taft-Hartley Pension Funds started in 1947, when an act of Congress put them in place. They represent 420 billion dollars worth of investment capital. These funds are one of the vehicles through which companies can provide benefits to their employees when they retire. The fund money comes from the contributions that the employer makes for the employee. The fund trustees are both from the union and the employer pool, and they are appointed in equal number to oversee the investment.
Taft-Hartley Pension Funds are one example of the type of funds that EnTrust Capital, with managing partner Gregg Hymowitz, manage for their clients. They shoulder the responsibility for monitoring and managing these funds, and they implement investment strategies accordingly.