The House passed a bill on Friday that would end a tax break for executives of investment funds, leaving hedge funds, private equity firms and venture capitalists scrambling to ease the effects of the bill before it is taken up by the Senate next month.
Executives at private equity firms, venture capital firms and hedge funds will pay an estimated $24 billion more in taxes over nine years under President Obama's budget blueprint. The Obama administration proposes raising taxes on t... Read Post
President of Steven A. Cohen's hedge fund Point72, Thomas Conheeney, is the latest of over a dozen top employees to leave the firm this year, the New York Times reported Monday. Conheeney was also the president of Cohen's previous h... Read Post