Mansion Paper #1: Paul Tudor Jones

9 Apr 2015

Paul Tudor Jones, self-described income inequality crusader, purchases $71.2 million mansion Hedge fund billionaire Paul Tudor Jones, who waxed apologetic about income inequality at his recent TED Talk, has just snapped up another waterfront mansion, this time on Palm Beach Florida’s “Billionaires’ Row.” It’s an important investment for Tudor Jones, who only owns two other waterfront mansions.... Read More

#HedgePapers No.8: Paul Singer

7 Apr 2015

Paul Singer—market master or litigious vulture? The mythos of the hedge fund manager is defined by a perceived mastery over market forces. Commentators often ascribe supernatural powers that hedge fund managers supposedly have over the market. Titles like “Hedge Fund Market Wizards” and “Money Mavericks” are typical. Paul Singer is decidedly not a master of the markets.... Read More

#YachtPaper No.1: Albany to Billionaires, Let Them Have Tax-Free Yachts!

31 Mar 2015

ALBANY’S LATEST TAX BREAKS FOR BILLIONAIRES Hedge Fund Managers and their Yachts and Planes and Helicopters; the State Budget and Cuomo and the Senate GOP; and the new multimillion dollar tax breaks for billionaires on their luxury toys This year’s New York state budget includes new sales tax exemptions for luxury yachts and private aircraft, including private jets and helicopters.[i]... Read More

#HedgePapers No.7: Rahm Emanuel and his Hedge Fund Flash Boys

26 Mar 2015

Rahm’s top backers — high-frequency traders critiqued in the New York Times bestseller “Flash Boys” When looking at the top donors to Rahm Emanuel’s campaign, a theme eventually emerges out of the dark pools of campaign cash. Many of Rahm’s top contributors are heads of “high-frequency trading” funds—a murky and controversial trading strategy that is currently the subject of several class-action lawsuits.... Read More

#HedgePapers No.6: Daniel Loeb

19 Mar 2015

Daniel Loeb: BAD BEHAVIOR, BAD POLITICS, BAD KARMA A yoga devotee is calm, spiritual and concerned about the welfare of others—unless the yoga devotee in question is Dan Loeb, who is known for publicly excoriating executives and relentlessly pursuing the accumulation of more wealth than most people could spend in a hundred lifetimes.... Read More

#HedgePapers No.5: Paul Tudor Jones

12 Mar 2015

PAUL TUDOR JONES: Robin Hood or Robber Baron? Paul Tudor Jones II is an American billionaire with a reported net worth according to Forbes of $4.6 billion.[1] He is the founder of the Tudor Investment Corporation, a private asset management company and hedge fund. He resides in Greenwich, Connecticut, does the bulk of his business in New York City, and makes large-scale political contributions in a number of states.... Read More

#HedgePapers No.4: How Hedge Funds Purchased Albany’s Lawmakers

4 Mar 2015

the Largest ever analysis of hedge fund influence in Albany shows that hedge funds & hedge fund managers spent $39.6 million in campaign cash An analysis by Competitive Advantage Research, which examined the campaign spending of 570 hedge fund managers and senior executives over the past fifteen years, shows that hedge fund managers have exercised considerable influence over lawmakers in New York.... Read More

#HedgePapers No.3: Hedge Funds and the Destruction of the Upstate Economy

2 Mar 2015

Alternative asset managers and the damage they inflict on New York communities: It’s a real life Hunger Games. The financial elite cloister themselves away in gleaming taxpayer-subsidized towers, sitting on riches they earned by devastating economies in upstate New York and beyond. They earn special treatment from Governor Andrew Cuomo and his buddies in the State Senate by splashing their ill-gotten gains into political races.... Read More

#HedgePapers No.2: One57

24 Feb 2015

In January 2013, New York Governor Andrew Cuomo signed a housing bill that contained special carve-outs for a select few property developers, many of whom were major donors to his campaign coffers. One of the developments that got special treatment is One57, a development catering not to the 1%, but to the 0.0001%.... Read More

#HedgePapers No.1: Leonard Litwin

14 Feb 2015

100-year-old Leonard Litwin, owner of Glenwood Management, is one of the most well-known residential developers in New York, not only for his opulent Manhattan high-rises, but for his recently reported connections to Sheldon Silver and Governor Andrew Cuomo, both whom have been financial recipients of Glenwood’s in exchange for seemingly favorable tax and government treatment.[1]... Read More