hedge fund

Immediately after Dudek became commissioner in February, he got a call from Scott Coulter, a hedge fund manager with a $12 million Manhattan apartment who’d been picked to lead DOGE’s team at Social Security.

It hints at the trend of hedge fund managers buying local publications to drain them until they’re husks of their former selves.

“This Labor Day we will continue to stand strong, fighting for public schools over private profits, healthcare over hedge funds, shared prosperity over billionaire-bought politics.”

She blames the ongoing implementation of the state’s Sustainable Groundwater Management Act as well as “bad actors,” including hedge funds and other outside investors that are among the region’s major water users.

In recent years, Saudi investors have pumped rural water to grow feed for cattle exported back to the Arabian Peninsula, and hedge funds are competing to pump and sell water to towns near Phoenix.