a flexible investment company for a small number of large investors (usually the minimum investment is $1 million); can use high-risk techniques (not allowed for mutual funds) such as short-selling and heavy leveraging
Hedge fund titans are making a $170,336 bet that Christine C. Quinn is the best candidate to run New York.
hinder or prevent the progress or accomplishment of
“People who are donating with large money at the state level are stymied at the local level,” said Susan Lerner, the director of the New York branch of Common Cause.
Political contributions to the 2013 mayoral candidates are minuscule in comparison to the sums they invest in financial markets, largely because New York law caps individual contributions to mayoral candidates at $4,950.
someone who maintains and audits business accounts
Mr. Kramer, who raised more than $2 million for President Obama during the 2012 presidential election, has donated $4,950 each to Ms. Quinn and Mr. Thompson and $800 to Mr. Liu, who is the New York comptroller.
Paltry though the sum seems, it is more than twice the amount received by the next closest recipient in the mayoral race, Joseph J. Lhota, a Republican, according to records compiled by the public affairs lobbying organization Common Cause.
Orin S. Kramer, the founder of Boston Provident, tops this list, having given $10,700 of his own money to three of the party’s candidates: Ms. Quinn, William C. Thompson Jr. and John C. Liu.
“When you think about what hedge fund managers are doing — they are a very elite and effective form of gambler and they are used to using their money to manipulate markets and reap outside benefits,” Ms. Lerner said.
Article Tools FACEBOOK SAVE TWITTER E-MAIL GOOGLE+ PRINT SHARE PERMALINK Consider William A. Ackman of Pershing Square Capital Management, who resigned from the board of J. C. Penney two weeks ago after a brawl with other board members and just sold his entire stake in the company.
someone who commits capital to gain financial returns
An activist investor, Mr. Icahn announced this month that he had accumulated a large stake in Apple and urged its chief executive to return more money to investors through a larger share buyback.
a polyhedron having a polygonal base and triangular sides
Mr. Ackman is a dominant figure in financial headlines and has made a public bet against Herbalife, the nutritional supplement company that he contends is a pyramid scheme.
An activist investor, Mr. Icahn announced this month that he had accumulated a large stake in Apple and urged its chief executive to return more money to investors through a larger share buyback.
This month, the city’s Campaign Finance Board voted to withhold up to $3.5 million in matching public money to Mr. Liu’s political campaign, citing his ”campaign’s inability to demonstrate it is in compliance with the law” after two of his former associates were convicted of participating in an illegal fund-raising scheme.
This month, the city’s Campaign Finance Board voted to withhold up to $3.5 million in matching public money to Mr. Liu’s political campaign, citing his ”campaign’s inability to demonstrate it is in compliance with the law” after two of his former associates were convicted of participating in an illegal fund-raising scheme.
This month, the city’s Campaign Finance Board voted to withhold up to $3.5 million in matching public money to Mr. Liu’s political campaign, citing his ”campaign’s inability to demonstrate it is in compliance with the law” after two of his former associates were convicted of participating in an illegal fund-raising scheme.
Paltry though the sum seems, it is more than twice the amount received by the next closest recipient in the mayoral race, Joseph J. Lhota, a Republican, according to records compiled by the public affairs lobbying organization Common Cause.
a group or class of persons enjoying superior status
“When you think about what hedge fund managers are doing — they are a very elite and effective form of gambler and they are used to using their money to manipulate markets and reap outside benefits,” Ms. Lerner said.
James S. Chanos, founder of Kynikos Associates, and John Paulson of Paulson & Company, have also not yet donated and declined to comment on whether they planned to make any contributions.
Paltry though the sum seems, it is more than twice the amount received by the next closest recipient in the mayoral race, Joseph J. Lhota, a Republican, according to records compiled by the public affairs lobbying organization Common Cause.
Mr. Ackman is a dominant figure in financial headlines and has made a public bet against Herbalife, the nutritional supplement company that he contends is a pyramid scheme.
Orin S. Kramer, the founder of Boston Provident, tops this list, having given $10,700 of his own money to three of the party’s candidates: Ms. Quinn, William C. Thompson Jr. and John C. Liu.
James S. Chanos, founder of Kynikos Associates, and John Paulson of Paulson & Company, have also not yet donated and declined to comment on whether they planned to make any contributions.
This month, the city’s Campaign Finance Board voted to withhold up to $3.5 million in matching public money to Mr. Liu’s political campaign, citing his ”campaign’s inability to demonstrate it is in compliance with the law” after two of his former associates were convicted of participating in an illegal fund-raising scheme.
the act of submitting, usually surrendering power to another
This month, the city’s Campaign Finance Board voted to withhold up to $3.5 million in matching public money to Mr. Liu’s political campaign, citing his ”campaign’s inability to demonstrate it is in compliance with the law” after two of his former associates were convicted of participating in an illegal fund-raising scheme.
This month, the city’s Campaign Finance Board voted to withhold up to $3.5 million in matching public money to Mr. Liu’s political campaign, citing his ”campaign’s inability to demonstrate it is in compliance with the law” after two of his former associates were convicted of participating in an illegal fund-raising scheme.
Political contributions to the 2013 mayoral candidates are minuscule in comparison to the sums they invest in financial markets, largely because New York law caps individual contributions to mayoral candidates at $4,950.
a strong wooden or metal post driven into the ground
Article Tools FACEBOOK SAVE TWITTER E-MAIL GOOGLE+ PRINT SHARE PERMALINK Consider William A. Ackman of Pershing Square Capital Management, who resigned from the board of J. C. Penney two weeks ago after a brawl with other board members and just sold his entire stake in the company.
An activist investor, Mr. Icahn announced this month that he had accumulated a large stake in Apple and urged its chief executive to return more money to investors through a larger share buyback.
“When you think about what hedge fund managers are doing — they are a very elite and effective form of gambler and they are used to using their money to manipulate markets and reap outside benefits,” Ms. Lerner said.
This number stands in stark contrast to the amounts hedge funds commit to New York State elections: $7.1 million in 2010, when Andrew Cuomo was elected governor, for example.
a person to whom something is sent, given, or awarded
Paltry though the sum seems, it is more than twice the amount received by the next closest recipient in the mayoral race, Joseph J. Lhota, a Republican, according to records compiled by the public affairs lobbying organization Common Cause.
a relative position or degree of value in a graded group
“People who are donating with large money at the state level are stymied at the local level,” said Susan Lerner, the director of the New York branch of Common Cause.
Mr. Ackman is a dominant figure in financial headlines and has made a public bet against Herbalife, the nutritional supplement company that he contends is a pyramid scheme.
Mr. Ackman is a dominant figure in financial headlines and has made a public bet against Herbalife, the nutritional supplement company that he contends is a pyramid scheme.