#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]...

#HedgePapers No.7: Rahm Emanuel and his Hedge Fund Flash Boys

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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.... pdf button

#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.3: Hedge Funds and the Destruction of the Upstate Economy

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....