OxyContin-Stained Sackler Fortune Too Toxic for This Woke Hedge Fund

2019-3-11 03:30

Under fire for fueling the opioid crisis, the billionaire family that controls OxyContin maker Purdue Pharma LP has been booted from a large hedge fund, the Wall Street Journal reports. Hildene Capital Dumps Family Behind OxyContin Fortune Last year, Hildene Capital Management, which manages some $10 billion in client assets, notified Sackler family investment entities that it would no longer handle their money.

This overture of socially responsible hedge funding was inspired by an opioid-related tragedy that deeply affected several Hildene employees. Hildene fund manager Brett Jefferson told the Journal: “An opioid-related tragedy affected someone with a personal relationship to

The post OxyContin-Stained Sackler Fortune Too Toxic for This Woke Hedge Fund appeared first on CCN

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fund hildene hedge family fortune sackler oxycontin-stained

Источник: ccn.com

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Suing Purdue Pharma for the opioid abuse epidemic is like suing McDonald’s for your obesity or diabetes. Reuters had the exclusive story about the opioid crisis Monday: “OxyContin maker Purdue Pharma LP is exploring filing for bankruptcy to address potentially significant liabilities from roughly 2,000 lawsuits alleging the drug manufacturer contributed to the deadly opioid crisis sweeping the United States, people familiar with the matter said on Monday.