Wednesday, 26 November 2014
Last updated 11 hours ago
Sep 19 2011 | 12:35pm ET
If President Barack Obama's latest tax proposals—which would increase the burden on hedge fund managers and other wealthy Americans—are class warfare, as Republicans claim, he's come out with all guns blazing.
The president would pay for half of his $3 billion deficit-reduction plan by eliminating tax breaks he says favor the wealthiest. And Obama, more combative on the matter—or any other—than at any other time during his presidency, has vowed to veto any plan that does not include higher revenue from taxes.
"This is not class warfare. It's math," Obama said at the White House today. "I reject the idea that asking a hedge fund manager to pay the same tax rate as a plumber or teacher is class warfare."
"We shouldn't balance the budget on the backs of the poor and middle class," he went on. "We can't afford these special lower rates for the wealthy."
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...