Thursday, 27 November 2014
Last updated 1 day ago
Nov 12 2007 | 1:03pm ET
The U.S. House of Representatives last week passed a controversial tax reform bill that would increase the levy on alternative investment managers by almost $50 billion over the next decade.
“We planted the flag of fiscal responsibility,” House Speaker Nancy Pelosi (D-Calif.) said, “as we gave a tax cut to the middle class.”
Eight Democrats joined 185 Republicans in voting against the measure, championed by Rep. Charles Rangel (D-N.Y.). But it wasn’t enough to sink the measure, which passed by a vote of 216 to 193. But the bill, which has faced withering criticism from Republicans, is unlikely to get through the Senate. Even if it did, President Bush had threatened to veto it.
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...