Saturday, 20 December 2014
Last updated 1 day ago
Nov 18 2010 | 4:05am ET
The Yes Men, a group of pranksters that says it impersonates “big-time criminals in order to publicly humiliate them,” has a funny idea. The humor is, however, likely lost on hedge fund billionaire John Paulson.
The group’s latest target is Apple, whose iPhone the Yes Men note uses minerals that are “largely” mined in the Congo, “fueling a conflict that has killed more than 5 million civilians.” Their weapon? A spoof Apple Web site that looks remarkably like the real thing—“identity correction,” in the Yes Men’s words—on which “Apple” pledges to stop using minerals from conflict areas.
Unsurprisingly, the Yes Men are all about doing it yourself, and one of their “Apple’s” D.I.Y. suggestions is to go after “shareholders and officers of the mining companies that have been implicated in pillaging the resources of the Congo and fueling the conflict in the Congo over the past 14 years.” The mining concern “most responsible for financially supporting rebel groups and furthering the Congo conflict?" South Africa’s AngloGold Ashanti, according to the Yes Men.
And AngloGold’s largest shareholder? Why, none other than Paulson & Co., the $30 billion hedge fund headed by Paulson.
What can you do? A citizen’s arrest of John Paulson, “Apple” suggests. The Web site even directs you to Paulson’s office.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.