WASHINGTON - A group of bipartisan senators are urging Treasury Secretary Jack Lew not to rely on a recent study as basis for labeling asset management firms as systemically risky.

On Thursday, Sens. Mark Kirk, R-Ill., Thomas Carper, D-Del., Patrick Toomey, R-Pa., Claire McCaskill, D-Mo., and Jerry Moran, R-Kan., sent a letter to Lew claiming that an October report by the Office of Financial Research about possible financial risks in the asset management industry contained a number of "troubling errors."

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