"Multi-manager funds pay bonuses to their traders working and therefore charge higher expense fees. These variable bonus payments are wrapped up in the hedge funds costs, so instead of 2&20, the multi-manager fund is more like 7&20." $DBMF
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Hedge Clippers’s Tweets
Policymakers have an obligation to ensure millionaires, billionaires, & wealthy corporations that continue making record profits pay what they owe in taxes, & invest those public funds directly into our communities. Read more from &
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In 2021, the legislature stood with NYers, modestly raising corporate taxes to help fund critical services. Now, , & are leading the fight to make it permanent. It’s time to #InvestInOurNY.
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Gov. Josh Shapiro wants Pa. pension funds to dump Wall Street managers
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“The building at 740 Park Avenue has been home to John D Rockefeller Jr, Blackstone founder Stephen Schwarzman, David Koch of the Koch brothers and Trump treasury secretary, Steve Mnuchin. An apartment currently on the market is going for $27.5m.”
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Today, let us remember Martin Luther King as he was: A Black radical anti-capitalist, anti-imperialist, revolutionary Christian internationalist who was deemed an enemy of the State and assassinated for his radical work. Just about everything else is a lie.
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Launches of #hedgefunds have fallen to their lowest level since the 2008 GFC, as some managers struggle to profit in falling #markets and firms like Millennium and #Citadel hoover up traders who once might have launched their own firms
ft.com/content/ddf208 via
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Billionaire hedge fund manager Ken Griffin may well be front-running trades and manipulating markets —today’s rules could stop the scams
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Tomorrow, the SEC is set to propose the biggest shake-up to equities market structure in more than a decade. Firms like Ken Griffin's Citadel Securities are in the crosshairs.
wsj.com/articles/sec-k
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Billionaire John Paulson Seeks to Shut Down Wife’s Suit Alleging Hidden Billions
💥NOW: Over 30 orgs representing thousands of PRican members launched an official letter, urging Congress to pass the “Territorial Relief Under Sustainable Transitions for PR Act” (TRUST for PR Act) to ensure the people of PR can lead their own just recovery process—not La Junta.
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¡Si no sacamos a la Junta nunca lograremos la recuperación y los aumentos a las pensiones que merecemos!
Por eso, hoy nos unimos a más de 30 organizaciones para solicitarle al Congreso de EEUU que elimine la Junta de Control Fiscal.
#abolishLaJunta
cpdaction.org/organizations-
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For too long have hedge funds profited from the Puerto Rico debt crisis with the support from the colonial control board.
Today we join 30+ orgs to demand the immediate elimination of this board.
cpdaction.org/organizations-
#AbolishLaJunta
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Now! Over 30 orgs from Puerto Rico and the diaspora send a letter to Congress demanding the elimination of the FOMB to ensure that resources can move to the archipelago in a timely manner and that none end up in the hands of hedge funds.
#AbolishLaJunta
cpdaction.org/organizations-
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¡Ahora! Pensionados exigen ajustes en su pensión para que reflejen los aumentos en el costo de vida.
#defiendetpension
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👀👀👀
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3 weeks ago we published a report that pointed out the massive amounts of water contamination in #PuertoRico coming from pharma and the inaction from the EPA on investigating this.
This week the EPA decides to test the waters?
Coincidence?
Nah.
grist.org/climate-energy
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Gonzalez said the bill would put guardrails on “vulture funds” practicing bad-faith negotiations on debt from countries like Puerto Rico. “I think it’s a no-brainer for the governor to support the bill. We’re looking forward to collaborating with her.”
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[HILO 🧵] Una de cada tres farmacéuticas que operan en Puerto Rico fueron citadas por por crímenes ambientales en los pasados tres años, según un informe publicado por y ->
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"Big Pharma’s footprint on the island has come with other serious costs: illegal dumping of toxic waste, pollution and depletion of groundwater, and violations of other vital Environmental Protection Agency regulations."
Read our report with
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Big
Pharma
Is
Flooding
Puerto Rico
With
Toxic
Waste
Read the new report from
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🚨NOW 🚨
Pharma continues to extract wealth from Puerto Rico while hurting workers and the environment.
Read our new report:
pr.populardemocracy.org/English/
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Destroying our environment.
Hurting workers.
Making billions.
Paying almost nothing in taxes.
It's not gentrifiers. It's Pharma in Puerto Rico.
Read the report: pr.populardemocracy.org/English/
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Say it louder for the people in the back!!! 🗣🗣🗣
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From @POTUS: “We are not leaving here until everything that needs to get done [for Puerto Rico], gets done.”
That means ending the practice of predatory vulture funds and immediately releasing the billions of dollars in aid from Hurricane Maria. Let’s get it done! twitter.com/POTUS/status/1…
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From : “We are not leaving here until everything that needs to get done [for Puerto Rico], gets done.”
That means ending the practice of predatory vulture funds and immediately releasing the billions of dollars in aid from Hurricane Maria. Let’s get it done!
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Join me as I deliver remarks on Puerto Rico disaster recovery in Ponce, Puerto Rico. twitter.com/i/broadcasts/1
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:“Politicians should not accept contributions from private equity firms that literally bankrupt factories and industries and destroy communities. This type of predatory activity ... we shouldn’t be associated with it.”
h/t
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Bankers and hedge funds have horrible ideas. The people of Puerto Rico have good ideas.
Maybe we should shift power and control away for Wall Street vultures and towards folks like ?
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👀👀👀
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So what is happening with the PR debt crisis and how does it relate to hurricane Fiona and the electrical grid?
A tread and a juicy update:
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I'm calling on federal authorities to investigate after the latest power grid failure in Puerto Rico.
Hurricane Fiona has devastated Puerto Rico, and we need real solutions to stop this from happening again.
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H/T , it's critical to pass my Sovereign Debt bill.Actions by vulture hedge funds have destroyed PR's economy w/ vile austerity measures. NY can change this by holding them accountable & closing loopholes that have let them accumulate lots of profit bit.ly/3S37alW
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NEW: Natalia Renta from unpacks the corruption and hot air around hedge funds' frantic attacks on super-reasonable federal oversight measures
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Next step: back bills to support the people of Puerto Rico in their fight against vulture hedge funds that attacked the island and privatized the power grid twitter.com/votejgr/status
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To our neighbors in Puerto Rico, the Dominican Republic, and all impacted by Hurricane Fiona: We are with you.
New York State is providing assistance and we will continue to offer support in the recovery from this storm.
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Complete blackout in Puerto Rico.
Millions of people threatened by a human made disaster.
This is what happens when you choose austerity in the name of profit.
#fiona
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"More than three-quarters of Carlyle’s energy investments are in fossil fuels, and just over 60% of its 2022 first half profits came through its subsidiary NGP Energy Capital, which focuses almost exclusively on oil and gas projects."
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We are coming after these criminals ✂️✂️✂️✂️✂️✂️✂️✂️✂️✂️✂️✂️✂️✂️
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NEW: A power plant leaked 45,000 gallons of oil into Lake Ontario. Unnoticed was its new owner: a private equity firm scooping up US fossil fuel plants and cutting costs.
Private equity now owns 20% of NY fossil fuel power. Here's what that could cost.
nysfocus.com/2022/09/13/pri
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Kim Kardashian to Launch Private Equity Firm With Former Carlyle Partner
Here’s More Evidence That Private Equity Managers ‘Inflate’ (lie and defraud about) Fund Values When Raising Money institutionalinvestor.com/article/b1zl0q
Hi everyone! This is my last week as co-executive director of . Can't believe this week is here. I've decided to share some reasons I am proud of building this organization, and some things I love about our work and our people throughout this week on here.
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“The fact that pharma profits egregiously from these workers while asking for giveaways from the Puerto Rican government is a result of deeply racist policies that go back to the days of so-called banana republics.”
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“The fact that pharma profits egregiously from these workers while asking for giveaways from the Puerto Rican government is a result of deeply racist policies that go back to the days of so-called banana republics.”
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