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On the other side few board members would speak on the record for fear that controversy would harm fund-raising.
But it adds that achieving this without harming funding for higher education would cost £336m and divert money from other public services.
Though Mr. Pataki said his plan would give county executives and mayors outside New York City $800 million in relief, Mr. Hevesi said the governor's proposed changes would be illegal because they would harm the fund's viability and violate a constitutional ban on using the pension fund for fiscal relief.
High levels of market timing can harm a fund's performance in many ways, portfolio managers say.
As a result, they said, an increase in the tax rate for the managers of the hedge and equity funds would not significantly harm pension funds.
"They were worried that any further publicity would create a scandal that would harm their fund-raising," Mr. McKeown said.
The review, Virtually Anorexic – Where's the harm?, was funded by the Nominet Trust and supported by the charity b-eat (beating eating disorders).
"The negative economic consequences of permitting an unlawful sale to proceed may well over time dramatically outweigh Chrysler's short-term harm," the funds said in their brief.
It would not harm the funding organization if you drew a crowd by offering more advanced students incentives to attend — higher grades, free beer — as long as they might learn something at the conference.
Assemblyman James Gallagher (R-Nicolaus) opposed the proposal, arguing that limiting investment options could harm the funds' fiscal health.
Gamble Aware, the UK's leading charity committed to minimising gambling-related harm, is funded entirely by donations from betting firms (as prescribed by the Gambling Commission).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com