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Hedge funds

The Tories aren’t the party of business – just the London financial elite

The Conservative Party used to look after big, nationwide businesses. Now it serves a finance industry based in a few small areas of the capital. Frances Coppola for openDemocracy Last Friday, openDemocracy revealed that a secretive group of business leaders…

The UK Cooperative Bank takeover by US hedge funds

Article published by Occupy London, Economics Working Group “The Co-op Bank: Mutual or Burst Since the appalling news of a Co-op Bank takeover by US hedge “vulture” funds (Aurelius Capital and Silver Point Capital) a growing body of Co-op members…

Matt Taibbi on How Wall Street Hedge Funds Are Looting the Pension Funds of Public Workers

In his latest article for Rolling Stone, Matt Taibbi reports that Wall Street firms are now making millions in profits off of public pension funds nationwide. “Essentially it is a wealth transfer from teachers, cops and firemen to billionaire hedge…