Univ. investments in private prisons decline
Yale denies policy decision, GESO influence
Farallon Capital Management, a hedge fund that invests a portion of Yale's endowment, has sold about two thirds of its stock in a private prison company that campus activists have criticized for alleged human rights abuses.
According to an analysis of public filings released Tuesday by the Graduate Employees and Students Organization, Yale's indirect holdings in Corrections Corporation of America decreased from $1.5 million to approximately $500,000 in the fiscal quarter ended Dec. 31. GESO activists said their on-campus campaign against CCA likely influenced the decision, but...
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