Home » Archive by Tags

Articles tagged with: Hedge Funds and Private Equity

Report: Pirate Equity: How Wall Street Firms are Pillaging American Retail
July 25, 2019 – 3:56 pm
Report: Pirate Equity: How Wall Street Firms are Pillaging American Retail

New report revealing how in the last 10 years, a staggering 597,000 people working at retail companies owned by private equity firms and hedge funds have lost their jobs. An estimated additional 728,000 indirect jobs have been lost at suppliers and local businesses, meaning Wall Street’s gamble on retail has led to more than 1.3 million job losses in total.

News Release: Stop Wall Street Looting Act Would Curb Worst Private Equity Abuses
July 18, 2019 – 9:10 am

“Private equity and hedge funds now wield enormous influence over the American economy, often with terrible consequences for workers and communities,” said Lisa Donner, executive director of Americans for Financial Reform. “We need effective rules of the road to stop predatory practices by these Wall Street giants.”

Advisory: Briefing for Media on Stop Wall Street Looting Act at 3pm ET
July 18, 2019 – 9:10 am

Briefing on Stop Wall Street Looting Act of 2019 will be at 3pm ET. To join call RSVP to Kyra Sadovi, kyra@ourfinancialsecurity.org and dial (800) 230-1096 and ask for “Private Equity Legislation” conference call.

News Release: Public Interest Groups Support Bill to Address Private Equity Abuses
July 18, 2019 – 9:10 am

Over 15 major public interest groups have signed on to support the Stop Wall Street Looting Act of 2019, which was introduced today in the House and Senate.

Legislation: Summary and Analysis of Stop Wall Street Looting Act
July 18, 2019 – 9:10 am

The Stop Wall Street Looting Act would curb the worst abuses of Wall Street private equity executives by making them liable for damage they cause, protecting the interests of workers, preventing looting of target companies, and improving transparency for investors.

Fact Sheet: Wall Street Private Equity Landlords Snapping Up Apartment Buildings
May 1, 2019 – 10:18 am

Private equity owns over a million U.S. apartment units. Tenants pay a price when corporate landlords buy their buildings. In some cases, private equity buyers have pushed out lower-income tenants – through rent hikes, eviction threats, and more – to flip buildings into high-rent properties to sell for big profits.

Fact Sheet: Continuing Threat of Private Equity Investment in Single Family Rentals
April 16, 2019 – 1:39 pm
Fact Sheet: Continuing Threat of Private Equity Investment in Single Family Rentals

Wall Street private equity funds are continuing to snap up homes to pad their expanding portfolio of rental properties. Institutional investors own nearly a quarter million single-family rental homes. Wall Street landlords often hike rents, avoid repairs, gouge tenants with fees, and are more likely to evict tenants.

News Release: Private Equity Threatens Manufactured Home Residents
February 14, 2019 – 1:35 pm

Many of the largest private equity and real estate investors in the world, managing more than $1.77 trillion in assets, have bought up manufactured home communities at a rapid pace and raised rents and fees sharply, posing a dramatic new threat to the economic security of millions of seniors, people with disabilities, families, and immigrants in need of low-cost housing, according to a new report.