Jeffrey Singer is the Head of Debt Capital Markets at Think Equity. Singer is involved in the financing of a broad range of public and private companies across almost every industry with a strong focus on technology, energy, specialty finance/FinTech, IT services, digital commerce, ed-tech, healthcare services and consumer brands. Prior to joining ThinkEquity, Jeff served as Head of Debt Capital Markets at Joseph Gunnar & Co. for two years and as Managing Director of Dragonfly Capital Partners, where he ran the New York office of the firm for over 10 years. Singer holds a BS from University of Wisconsin and his MBA from Fordham University Graduate School of Business.
Fordham Financial Management, Inc
Looting the Pension Funds
All across America, Wall Street is grabbing money meant for public workers
Rolling Stone, 10 October 2013
Raimondo’s strategy for saving money involved handing more than $1 billion – 14 percent of the state fund – to hedge funds, including a trio of well-known New York-based funds: Dan Loeb’s Third Point Capital was given $66 million, Ken Garschina’s Mason Capital got $64 million and $70 million went to Paul Singer’s Elliott Management.
The state’s workers, in other words, were being forced to subsidize their own political disenfranchisement, coughing up at least $200 million to members of a group that had supported anti-labor laws.
This is the third act in an improbable triple-fucking of ordinary people that Wall Street is seeking to pull off as a shocker epilogue to the crisis era.
Baker reported that, had public pension funds not been invested in the stock market and exposed to mortgage-backed securities, there would be no shortfall at all.
It’s a scam of almost unmatchable balls and cruelty, accomplished with the aid of some singularly spineless politicians. And it hasn’t happened overnight. This has been in the works for decades, and the fighting has been dirty all the way.
Union leaders all over the country have started to figure out the perils of hiring a bunch of overpriced Wall Street wizards to manage the public’s money.
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