#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. 15 – Cuomo’s Cronies: How Private School Billionaires Are Banking On Tax Credits From The Governor

28 May 2015
Cuomo’s Cronies: How Private School Billionaires Are Banking On Tax Credits From The Governor Cuomo’s Latest Scheme: Tax Refunds for Billionaires Who Donate to Elite Private Schools and Privatized Charter Schools Andrew Cuomo is probably the first Democratic governor in history to back tuition tax credits and taxpayer-funded subsidies to wealthy families who send their children to elite private schools.... Read More
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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
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#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.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
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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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