Hedge funds are here to stay…
Happy days are here again: The hedge fund industry is here to stay. Reports of its demise have been highly over-reported. Hang on tight, because before we all know it, many new funds will be starting as investor demand increases. I predict that 2011 – is going to be the year of the hedge fund! This is good news for all in the industry which has been in state of malaise since the events of 2008-2009. The one dark spot on the horizon is the yet-to-be-written regulations that are a direct result of the Financial Reform Bill. Still, these will come out sooner rather then later and I’m sure lawyers […]
Hedge Funds 1 – New York State 0
Finally, the hedge fund industry has won, one! The recent news that New York- Governor Paterson (D) isdropping the tax proposal on hedge fund managers who work in the Empire State but live elsewhere is welcome news to the industry. The Governor in his infinite wisdom seems to have decided that hedge funds and the managers who run these investment vehicles are good for New York regardless of where they live. Governor Paterson came to this conclusion only after Connecticut Governor Jodi Rell (R), began courting various industry groups about the benefits of doing business in the Nutmeg State and her efforts to get managers to move were picked up […]