#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
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#HedgePapers No. 10 – The Double Standard of Success Academy

20 Apr 2015
Hedge Fund Hypocrisy: The Double Standard of Success Academy Success Academy – the charter-school chain and political launching pad for anticipated mayoral candidate Eva Moskowitz — is a favored charity for many hedge fund managers.           But beneath their rhetoric about fighting poverty and supporting academic achievement is a real double standard.... Read More
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#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] It’s a prime example of the power and influence of billionaires, hedge fund managers and their lobbyists, as well as the attention of the Albany political class to the care and feeding of their powerful patrons.... Read More
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#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
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#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
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