#HedgePapers No. 29 – Hidden Donations Brought to Light: How the Wealthy Elite Tried to Defeat Proposition 30

17 Jul 2016

In 2012, California voters widely supported Governor Brown’s Proposition 30, a ballot measure designed to raise revenue for public schools. It was premised on the common sense idea that the state’s millionaires and billionaires pay their fair share of taxes to fund public schools. Many of the wealthiest Californians, especially hedge fund managers and private equity investors, did not like that they were being pressured to pay higher taxes.... Read More

#HedgePapers No. 28 – Hedge Funds and Fossil Fuels

10 Mar 2016

Fossil fuel companies are at the root of the climate crisis. Indeed, according to a recent study in the journal Climatic Change, the climate crisis of the 21st century “has been caused largely by just 90 companies, which between them produced nearly two-thirds of the greenhouse gas emissions generated since the dawning of the industrial age.”[1] ... Read More

#HedgePapers No. 25 – Endangered Endowments: How Hedge Funds Are Bankrupting Higher Education

7 Feb 2016

The Harmful Role of Hedge Funds in University Endowments University endowments play an important role in the lives of students, faculty and other campus workers. Endowments are funded by donations, and universities use the investment returns to pay for improvements to buildings and facilities, provide scholarships, fund teaching and learning, and provide other services and economic support to the surrounding community.... Read More

Partner Paper No. 3: Wall Street Money & Massachusetts Schools

17 Dec 2015

Hedge Clippers is happy to partner with Massachusetts Jobs With Justice to bring you a new expose on how huge amounts of out-of-state hedge fund cash is now pouring into Massachusetts to fund lobbyists and politicians with the aim of privatizing education in the Bay State. Read Wall Street Money & Massachusetts Schools Since 2014, hedge fund managers have spent millions to try to eliminate New York’s cap on charter schools, with much of that money funneled through Families for Excellent Schools.... Read More

#HedgePapers No. 24 – Puerto Rico Hedge Fund Vulture Holdouts

3 Nov 2015

Los Tiranos, Los Vampiros, y El Terminator (The Tyrants, the Vampires, and the Terminator) The Puerto Rican debt crisis has recently reached a new stage in negotiations between the government and its bondholders: deals have been reached with many creditors and ad hoc groups have fallen apart, but several creditors are continuing to hold out, intending to squeeze massive profits out of a Puerto Rico on the brink.... Read More

#Hedgepaper No. 23 – HEDGE FUNDS AND THE GOP PRESIDENTIAL CANDIDATES

27 Oct 2015

Your Boulder Debate Scorecard Billionaire hedge fund managers stand astride the worlds of Wall Street and Washington like giants, using millions in campaign cash and lobbying retainers to expand their wealth.... Read More

#HEDGEPAPERS NO. 22 – Hedge Funds Attack American Health Care

30 Sep 2015

Billionaire Profiteers & Big Pharma A new analysis shows rampant speculation by hedge fund and private equity in the branded drugs that are rising fastest in price It’s not just one highly unethical man: dozens of high-flying financial speculators at hedge funds and private equity firms are driving up the price of pharmaceuticals across the country.... Read More

#HedgePapers No. 21 – The Antonio Weiss Files: Vultures, Bribes & Conflicts of Interest in Puerto Rico

24 Sep 2015

Antonio Weiss must be recused from decisions on the Puerto Rico crisis Treasury official Antonio Weiss is currently leading the Treasury Department’s response to the Puerto Rico debt crisis. But Weiss received a $21,200,000 golden parachute from his previous employer, Lazard Frères, an investment bank with numerous ties to the Puerto Rico debt crisis.... Read More

#HedgePapers No. 20 – New York City’s Public Pension Vultures In Puerto Rico

21 Sep 2015

Hedge Funds Preying on Puerto Rico Manage Over $550 Million in NYCERS Funds Puerto Rico’s 3.5 million residents face frightening austerity measures in an economic crisis that is unfolding rapidly. Hedge funds have been buying up a large portion of the island’s debt, sometimes for pennies on the dollar. These hedge funds are betting on big profits if Puerto Rico is not permitted to declare bankruptcy or refinance its $72 billion debt and is forced to repay all creditors in full.... Read More

#HedgePapers No. 19 – HEDGE FUNDS ATTACK BALTIMORE

6 Aug 2015

HEDGE FUNDS ATTACK BALTIMORE: Billionaire financiers want huge profits from tax liens on Baltimore’s poorest residents Baltimore is one of the only cities in the country to auction off tax liens originating from unpaid residential water bills, and it allows residents to have their debts sold when they accumulate to a mere $250, significantly less than other major cities.[1]... Read More