The Wild Wild World of Wealth

Tag archive for ‘Hedgistan’

  • Does Orrin Hatch Want to Bail Out the Hamptons?

    In today’s New York Times, Andrew Sorkin describes the sweetheart taxes for hedge-fund and private-equity partners as follows:

    General partners at private equity funds, who take a cut of the investment gains they earn for their investors in the form of “carried interest,” have been paying federal taxes worth only 15 percent of that cut.

    This means the “gods of Greenwich” receive about a 24.6 percent tax break. That’s because the highest bracket on ordinary income—currently 35 percent—is expected to return to 39.6 percent. And the gods don’t pay taxes on their carried interests until they liquidate and pull out the cash.

  • Do You Want This Guy Managing Your Money?

    The Huffington Post posted this video of a trader freaking out last Thursday. If you haven’t seen this video yet, spend a few minutes on this one.

  • Financial Reform: Who’s the Fox in the Henhouse?

    In our judicial system, judges recuse themselves when there are conflicts of interest. I’d like to see the same thing in Congress. The only problem—it’s not clear the Senate could field the necessary quorum to hold a vote.

Contact Acrimoney

Your Name (required)

Your Email (required)

Subject

Your Message