H$US Puts $26m in Offshore Hedge Funds

Do you want know how H$U$ REALLY spends their $$$?

Humanewatch tells ya:

“So where did HSUS donor money go? According to its 990-T and supplemental forms” <http://www.humanewatch.org/wp-content/uploads/2014/03/2012-HSUS-Form-990T.pdf> :

* $500,000 to Ascend Partners Fund I, L.P., a Cayman hedge fund
* $253,000 to BKM Holdings (Cayman) Ltd.
* $8 million to Fore Multi Strategy Offshore Fund, Ltd., in the Caymans
* $5 million to Hayman Capital Offshore Partners, L.P. in Bermuda
* $6.7 million invested in Fir Tree International Value Fund in the Caymans

Humanewatch states:

We did a little more digging into these groups, which appear to mostly be hedge funds. But why would a U.S. charity be putting $26 million in the Caribbean? (And the figures above only add up to a little over $20 million—where’s the other $5 million?)

HSUS is a non-profit. It’s not in the business of investing money in hedge funds to make a profit. It’s in the business—according to its ads—of saving animals now. Now means right away—not in 10 years when HSUS may have made a loss on its Caribbean investments. (HSUS reports in its 990-T losing $61,000 in 2012 on various partnerships.)

The bottom line: It’s hard to save animals when you’ve parked $25 million offshore.

There’s a reason people write “H$U$.” It’s because money seems to come first for the cynics and the bean-counters running HSUS. And it’s one more reason to give to your local shelter directly, not to a questionable national organization that might stick your donations in the Caymans.

View article… <http://www.humanewatch.org/hsus-has-quietly-sent-26-million-to-the-caribbean/>

Investopedia explains ‘Hedge Fund’

For the most part, hedge funds (unlike mutual funds) are unregulated because they cater to sophisticated investors. In the U.S., laws require that the majority of investors in the fund be accredited.
That is, they must earn a minimum amount of money annually and have a net worth of more than $1 million, along with a significant amount of investment knowledge. You can think of hedge funds as mutual funds for the super rich. They are similar to mutual funds in that investments are pooled and professionally managed, but differ in that the fund has far more flexibility in its investment strategies.It is important to note that hedging is actually the practice of attempting to reduce risk, but the goal of most hedge funds is to maximize return on investment. The name is mostly historical, as the first hedge funds tried to hedge against the downside risk of a bear market by shorting the market (mutual funds generally can’t enter into short positions as one of their primary goals).
Nowadays, hedge funds use dozens of different strategies, so it isn’t accurate to say that hedge funds just “hedge risk”.
In fact, because hedge fund managers make speculative investments, these funds can carry more risk than the overall market

In other words, its high stakes gambling in the market so to say.Or read this:  http://nymag.com/nymetro/news/bizfinance/finance/features/10426/

Now you can really feel sick.

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