#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
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#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.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
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#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] Recent reports have widely uncovered Litwin as one of the unnamed developers who made potentially unlawful payments to Sheldon Silver’s law firm, Goldberg & Iryami, for its tax appeal work.[2]... Read More
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