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Biden Assails Carried-Interest Loophole

Sep 2 2014 | 8:25am ET

Joseph Bide
Vice President Joseph Biden took aim at the so-called “carried interest” tax loophole benefiting hedge fund and private equity managers during a Labor Day address in Detroit.

“Why in God’s name does someone who makes tens of millions managing a hedge fund pay only 15% in taxes, while the average GM worker who makes $55,000 a year pays 25% in taxes?” Biden asked.
 

Latest News

BofAML: Hedge Funds Add 0.98% MTD

Sep 2 2014 | 1:38pm ET

The Bank of America Merrill Lynch Diversified Investible Hedge Fund Composite Index is up 0.98% month to date as of August 27, underperforming the S&P 500 Index.

MaplesFS Acquires Vistra HK, Singapore Operations

Sep 2 2014 | 1:00pm ET

Hedge fund service provider Maples Fund Services has made its first acquisition: the Hong Kong and Singapore operations of Vistra Fund Services.

Galbraith To Replace Retiring Man Group COO White

Sep 2 2014 | 12:54pm ET

Man Group chief operating officer Simon White is retiring after 19 years with the firm and will be replaced by the former COO of GLG, Geoff Galbraith.

Investors Welcome Second Wave Of Liquid Alternatives

Sep 2 2014 | 9:15am ET

It seems like only yesterday that the first wave of liquid alternative funds washed over the financial industry, and yet those in the know are already talking about a second wave—if not a third.

Hedge Funds Get Deal On Goldman’s Espírito Santo Exposure

Sep 2 2014 | 8:21am ET

Some hedge funds are hoping to profit from Goldman Sachs’ pain over the collapse of Banco Espírito Santo.

Carlyle Settles Collusion Suit For $115 Million

Sep 2 2014 | 8:20am ET

The last private-equity firm accused in a major collusion lawsuit has settled the allegations.

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In Depth

Q&A: Open Season For Closed-End Funds

Aug 29 2014 | 10:00am ET

When Maury Fertig and Bob Huffman, former Salomon Brothers coworkers, launched Relative Value Partners in 2004, the only people they knew with money were “other Wall Street people.” So they started managing money for money managers and today financial industry types still account for about half their clientele. RVP invests in closed-end funds, managing $950 million across a number of strategies, the oldest of which—their Balanced strategy—is up 7.33% on an annualized basis since inception in '04.

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Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

New customer protection rules have landed: Are you ready?

The twin debacles of MF Global and PFG have damaged the reputation of the futures industry demanding an examination of customer protection rules. New rules are being implemented, which will add cost a...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.