Conn. Gov. Offers Dinner Date For New York Hedge Fund Heavies

Jul 22 2010 | 12:46pm ET

Her letter to the New York hedge fund industry inviting them to move north having attracted no takers, Connecticut Gov. M. Jodi Rell is offering some face time.

Rell—who sent the letter to the New York Hedge Fund Roundtable and several prominent New York hedge funds after the state began considering a new tax on the industry—has sent another letter to the Roundtable, inviting its president, Timothy Selby, and “a few” of his colleagues to meet her for dinner at a Darien restaurant.

“We have much to discuss!” Rell exclaimed, the New York Post reports. “The meeting will be intimate, direct and private.”

Rell’s initiative follows a proposal to close the so-called carried-interest loophole in New York. That measure would tax performance fee income as ordinary income, rather than capital gains, more than doubling the rate such fees are assessed. But as with her last letter, the invite to The Water’s Edge at Giovanni’s on Aug. 2 seems to be attracting more kind words than actual interest.

“I’m encouraged that there is a politician who would have such an appreciation for this sector of the financial-services industry,” Selby told the Post, adding, “I only wish we had a counterpart of hers in New York.” But despite the praise, Selby would not even commit to dining with Rell, saying the invite is “under consideration.”


In Depth

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note