A hedge-fund backed front group opposing bankruptcy in Puerto Rico is in disarray. Board members of the group, the 60 Plus Association, are suing the group’s president, Amy Frederick, for secretly funneling payments to companies controlled by her husband. Hedge funds recruited 60 Plus to form a group, Main Street Bondholders, that pretends to represent …
Tag: vulture funds
Vulture Fund Feminism
A newly-reported contract between Madeleine Albright’s consulting firm and a major Wall Street hedge fund has only been a footnote in presidential campaign coverage, but it speaks volumes about how elites in both parties find common ground above the fray of partisan bickering and gridlock that tends to dominate the news cycle. A consulting firm …