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Bernie Sanders Proposes New Hedge Fund-Wall Street Taxes to Pay for Universal College Tuition

May 20 2015 | 9:15am ET

Sen. Bernie Sanders (I-Vt.) introduced legislation to make four-year public colleges and universities tuition free for students and plans to pay for it by introducing new taxes and fees on Wall Street banks and hedge funds. 

Under the legislation, $70 billion a year in assistance – two-thirds from the federal government and one-third from states – would replace what public colleges and universities now charge in tuition and fees.

 

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eVestment: Hedge Fund AUM Reaches $3.125T in April

May 22 2015 | 1:17pm ET

Assets under management in the hedge fund industry increased 0.71% to $3.125 trillion in April, according to new data from research firm eVestment.

Fortress Co-Chair Backing Jared Cohen's New Distressed Fund

May 22 2015 | 1:00pm ET

Jared Cohen’s plans to start his own distressed debt fund will receive a boost from none other than his former boss, Fortress Investment Group co-Chairman and head of its credit unit Peter Briger. 

Icahn Says Underweight Apple Bets Will Hurt Funds' Performance

May 22 2015 | 12:53pm ET

Billionaire activist investor Carl Icahn said Thursday that mutual funds will increasingly realize that being underweight shares of Apple will hurt their performance as the technology giant continues to innovate.

LNG Capital Launches New Share Class For Flagship Fund

May 22 2015 | 5:38am ET

Absolute return asset management firm LNG Capital has launched a new share class for its flagship Europa Credit Fund.

Nomura Strengthens North American Prime Finance Team

May 21 2015 | 3:36pm ET

Nomura has added two new executives to its U.S. prime finance team and is moving a third from Asia to New York as the prime brokerage industry continues to adapt to regulatory and industry changes.  

Whitney Tilson's Largest Short Drops 17% on CEO Resignation

May 21 2015 | 3:09pm ET

Lumber Liquidators CEO Robert Lynch has unexpectedly resigned, nearly three months after a report alleged that the company sourced flooring laminates with harmful levels of a known carcinogen.

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In Depth

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered investment adviser focused on asset-backed lending transactions and alternative investment management. Hass recently spoke with FINalternatives’ Steven Lord about private debt investing and the benefits it can bring to investors.

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