By Svea Herbst-Bayliss and Matthew Goldstein
BOSTON/NEW YORK, June 25 (Reuters) – It appears Wall Street investment banks can stay in the highly-profitable hedge fund business after all.
(James Saft is a Reuters columnist. The opinions expressed are his own)
By James Saft
Greensboro, Alabama, May 31 (Reuters) – As an investment strategy, making private equity and hedge fund managers rich is a probable loser. As a tax policy, it is a guaranteed one.