A Connecticut state legislator explains why she’s fighting for fair taxation of hedge fund managers. Her proposed new legislation, part of a regional effort, would ax the notorious carried interest loophole.
Activists are taking on the billionaire financiers driving inequality and corrupting our politics. Hedge funds have been pressing the enterprises they dominate to slash wages and offshore middle-class jobs.
The latest annual hedge fund industry compensation stats have power suits smiling — and ordinary mortals worrying about public education’s future. Hedge fund manager billions are reshaping the education public policy debate. The problem: Not everyone shares their vision.
High-profile federal prosecutions of hedge fund execs like SAC Capital’s Steven Cohen only hint at the crime and ethical misbehavior rampant in America’s most rewarding high-finance suites, concludes an eye-opening new analysis from a veteran labor educator.
By any rational benchmark, hedge fund manager rewards remain positively stratospheric. Back in 2002, a hedge fund manager needed to earn $30 million to enter the hedge fund top 25. In 2011, a downer of a year for hedge fund managers, that entry level stood at $100 million.
As the economic news in the United States gets worse and worse every week, a lot of Americans are saying “at least we’re not Europe.” To read the press accounts, it sounds like Greece is plunging Europe into a second Great Depression. Greece is having trouble paying its debts, and many people are worried that […]
The hedge fund industry’s top trade journal has just released its annual listing of this financial sector’s 25 highest earners. The most stunning stat in this year’s release: a $4.9 billion payoff for 2010’s top hedge fund manager, about a billion over the previous personal hedge fund record.