Tuesday, 1 December 2015
Last updated 4 hours 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…