D.E. Shaw Employees Give to Dems — but Firm Invests in Private Prisons

An American Federation of Teachers report asks pension fund trustees to push funds to divest.

David Shaw (Kimberly White/Bloomberg News)

David Shaw

(Kimberly White/Bloomberg News)

D.E. Shaw—whose employees have given entirely to Democrats in the 2018 mid-term Congressional races—has emerged as one of several prominent hedge fund investors in private prisons, which are profiting off of controversial Republican policies jailing immigrant families, a new report says.

A new “watch list” of funds invested in private-prison related holdings by the American Federation of Teachers shows that D.E.

To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.