UPDATE #HedgePapers No. 26 – Puerto Rico: Pain and Profit

21 Mar 2017

UPDATE: After years of crisis and austerity that have resulted in a poverty rate of 45 percent, it’s hard to imagine that conditions could get much worse for the people of Puerto Rico. But if the island’s bondholders have their way, that’s exactly what’s going to happen. Puerto Rico is facing a new round of draconian budget cuts that promise to intensify the hardships that the population is already facing.... Read More

#HedgePapers No. 30 – The Dangerous Deeds of Carl Icahn

17 Jul 2016

Released in partnership with With national attention focused on populist anger over Wall Street’s role in rigging the economy, Americans are taking a growing interest in the business practices of billionaire investors and money managers. Wall Street multimillionaires and billionaires have seen their wealth reach unprecedented peaks even as the rest of the economy sputters and working families see their incomes stagnate or decline.... Read More

#HedgePapers No.6: Daniel Loeb

19 Mar 2015

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.... Read More

#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