#HedgePapers No. 32: Chain of Exploitation: How CarHop Targets Poor Minnesotans To Make A San Francisco Fund Manager Rich

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More and more low-income and working class Minnesotans are getting ripped off by CarHop, the high-cost/high-hassle predatory car sales & loan chain operating in low-income and working-class communities across our state. This predatory auto loan financing corporation is an example of the many industries now being driven by private equity and hedge fund barons who work with CEOs experienced in ripping off low-income and working class consumers, skating across the edges of the law, making exorbitant profits and living in luxury, far from the struggles of their customers.... pdf button

Partner Paper No. 2: All That Glitters Is Not Gold — An Examination of US Public Pension Investments in Hedge Funds

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A new report by our colleagues at the American Federation of Teachers and the Roosevelt Institute has found that public pension investments in hedge funds aren’t paying off. The eleven pension systems studied received absolutely no benefit from their investments in hedge funds, with high fees eating up all of the returns and stated investment strategies failing to pan out.... pdf button

#HedgePapers No. 24 – Puerto Rico Hedge Fund Vulture Holdouts

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Los Tiranos, Los Vampiros, y El Terminator (The Tyrants, the Vampires, and the Terminator) The Puerto Rican debt crisis has recently reached a new stage in negotiations between the government and its bondholders: deals have been reached with many creditors and ad hoc groups have fallen apart, but several creditors are continuing to hold out, intending to squeeze massive profits out of a Puerto Rico on the brink.... pdf button

#HEDGEPAPERS NO. 22 – Hedge Funds Attack American Health Care

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Billionaire Profiteers & Big Pharma A new analysis shows rampant speculation by hedge fund and private equity in the branded drugs that are rising fastest in price It’s not just one highly unethical man: dozens of high-flying financial speculators at hedge funds and private equity firms are driving up the price of pharmaceuticals across the country.... pdf button

#HedgePapers No. 20 – New York City’s Public Pension Vultures In Puerto Rico

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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.... pdf button

Governor Cuomo: Return Campaign Donations from Hedge Funds Profiting off Puerto Rico Debt Crisis

September 3, 2015 Dear Governor Cuomo, Finally, you’ve broken your silence on the Puerto Rico debt crisis! After we urged you last month to speak out on the debt crisis in Puerto Rico, you announced this week you will lead an investigatory delegation to examine the economic and financial crisis there But we remain outraged at the fact that many of your hedge fund donors continue to exploit the suffering of Puerto Ricans....

#HedgePapers No. 19 – HEDGE FUNDS ATTACK BALTIMORE

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HEDGE FUNDS ATTACK BALTIMORE: Billionaire financiers want huge profits from tax liens on Baltimore’s poorest residents Baltimore is one of the only cities in the country to auction off tax liens originating from unpaid residential water bills, and it allows residents to have their debts sold when they accumulate to a mere $250, significantly less than other major cities.[1] Baltimore also takes the lead when it comes to penalty interest rates, which the City allows to run as high as 18% per annum.... pdf button

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. 17 – Hedge Fund Vultures In Puerto Rico

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HEDGE FUND Vultures IN PUERTO RICO They want huge profits – and they will push austerity to secure them Hedge funds and billionaire hedge fund managers have swooped into Puerto Rico during a fast-moving economic crisis to prey on the vulnerable island. Several groups of hedge funds and billionaire hedge fund managers have bought up large chunks of Puerto Rican debt at discounts, pushed the island to borrow more, and are driving towards devastating austerity measures.... pdf button

Partner Paper No. 1 – Hedge Funds Attack American Neighborhoods… Again

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HEDGE FUNDS ATTACK AMERICAN NEIGHBORHOODS – AGAIN A new report by our colleagues at the Center for Popular Democracy and the ACCE Institute uncovers how hedge funds and private equity firms have quietly amassed mortgage notes to 200,000 homes in communities around the USA — and they’re getting special treatment from the government to aid their conquests.  ... pdf button