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
Senate Democrats are closing in on an agreement to slightly soften a tax hike on executives at private equity firms, hedge funds and other investment partnerships, passed in the House last month, Bloomberg News reported. Read Post
Billionaire activist investor Bill Ackman told the Wall Street Journal that he's committed the largest amount of money that he's ever allocated to another hedge fund. Ackman, who runs $18 billion Pershing Square Capital and was the ... Read Post