Yale investment vehicle sells private prison stock
GESO leaders declare divestment campaign a success
Farallon Capital Management, a hedge fund that invests a portion of Yale's endowment, has sold all of its stock in a private prison company that has been criticized for alleged human rights abuses, though such criticisms have not been cited as a factor in the sale.
The fund's May 12 filing with the Securities and Exchange Commission included no investment in the Corrections Corporation of America, the target of a yearlong campaign for divestment by Yale's Graduate Employees and Students Organization. But while GESO leaders said they believe their campaign to have affected the...
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