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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

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.

Icahn Turns 2.2% Return Into 76% Jump

Sep 2 2014 | 8:19am ET

Carl Icahn’s recent claim to have made a 76% return on eBay Inc. shares isn’t all it’s cracked up to be.

Banks Move To Prevent Argentine-Style Debt Disputes

Sep 2 2014 | 8:18am ET

The International Capital Markets Association is moving to ensure that the ugliness between Argentina and a group of hedge funds that pushed the country into its second default in 13 years doesn’t happen again.

Madoff Trustee Wants To Re-Sue Banks

Sep 2 2014 | 8:17am ET

The trustee in the Bernard Madoff case is taking two adverse court rulings as an opportunity to again sue several banks that allegedly benefitted from the $65 billion Ponzi scheme.

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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

The time was right

Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...

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.