UPDATE #HedgePapers No. 26 – Puerto Rico: Pain and Profit

21 Mar 2017

UPDATE: After years of crisis and austerity that have resulted in a poverty rate of 45 percent, it’s hard to imagine that conditions could get much worse for the people of Puerto Rico. But if the island’s bondholders have their way, that’s exactly what’s going to happen. Puerto Rico is facing a new round of draconian budget cuts that promise to intensify the hardships that the population is already facing.... Read More

#HedgePapers No. 17 – Hedge Fund Vultures In Puerto Rico

10 Jul 2015

HEDGE FUND Vultures IN PUERTO RICO They want huge profits – and they will push austerity to secure them Hedge funds and billionaire hedge fund managers have swooped into Puerto Rico during a fast-moving economic crisis to prey on the vulnerable island. Several groups of hedge funds and billionaire hedge fund managers have bought up large chunks of Puerto Rican debt at discounts, pushed the island to borrow more, and are driving towards devastating austerity measures.... Read More

#Hedgepapers No. 14: The Gift of Greed – How Hedge Fund Philanthropists Increase Inequality

11 May 2015

The Gift of Greed: How Hedge fund Philanthropists Increase Inequality “Consider this … your Yom Kippur. You’re going to donate a lot of money. Not enough, obviously, to offset all the s- you’ve done, but a lot.” – Jon Stewart at Robin Hood Foundation gala in 2009[1] The governing boards of the Robin Hood Foundation, an anti-poverty charity, are a picture of the extreme and growing concentration of wealth in American society.... Read More

#HedgePaper No. 12 – Cancerous Cash

3 May 2015

CANCEROUS CASH: HOW HEDGE FUNDS DESTROY AMERICAN HEALTH If you’re not looking carefully, you would never know that the Sohn Conference is actually a fundraiser for pediatric cancer – the promoters behind the event pretty much describe it as a hedge fund beauty pageant. » read more... Read More

Open Letter to the Sohn Conference Foundation

2 May 2015

May 1, 2015 The Sohn Conference Foundation c/o EisnerAmper 750 Third Ave, 22nd floor New York, NY 10017 Board of Directors: Douglas Hirsch, Daniel Nir and Evan Sohn RE: Concerns regarding the Sohn Conference Foundation mission and scheduled speakers at the 20th Annual Sohn Investment Conference To the Board: We write to raise our serious concerns regarding the mission of the Sohn Conference Foundation and the scheduled speakers at the 20th Anniversary Sohn Investment Conference.... Read More