Hedge Clippers to Cuomo: Stand with Puerto Rico — Not With Hedge Fund Billionaires

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July 30, 2015 Dear Governor Cuomo – It is with a growing sense of outrage that we write to you today about the horrifying debt crisis in Puerto Rico. This is a crisis that several of your top New York hedge fund donors are actively exploiting and deepening, in a shameless, morally repugnant effort to make as much money as possible.... pdf button

#HedgePapers No. 16 – Hedge Fund Billions Boost Cuomo’s Privatization Push

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HEDGE FUND BILLIONS BOOST CUOMO’S PRIVATIZATION PUSH Why Won’t Hedge Funders Confess Their Role in Multi-Million-Dollar Lobbying Campaign? More than $13 million has been spent since 2014 by two charter/privatization groups trying to eliminate New York’s cap on charter schools and win backing for an unprecedented tax credit that would divert huge amounts of public resources into private schools.... pdf button

#HedgePapers No. 15 – Cuomo’s Cronies: How Private School Billionaires Are Banking On Tax Credits From The Governor

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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.... pdf button

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

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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.... pdf button

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

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....

#HedgePapers No.6: Daniel Loeb

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....

#HedgePapers No.5: Paul Tudor Jones

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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.... pdf button

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

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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.... pdf button

#HedgePapers No.1: Leonard Litwin

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]...