Wed, Jun 19, 2013
A A A
Welcome Guest
Free Trial RSS
New! Family Office and Investor Database with 11,750 contacts
Alternative Market Briefing

North America – New York hedge fund managers consider leaving New York, Update: New York hedge-fund manager tax plan to raise $50m is overturned, TrimTabs’ CEO sees collapse ahead (video), Future of the Fed (video)
Wednesday, August 04, 2010

New York hedge fund managers consider leaving New York From Forexlive.com: … Last week, New York State Assembly Speaker Sheldon Silver told The Post “there’s a good chance” that the tax won’t be included in the final budget deal when it’s wrapped up in the next few weeks. Also, Mayor Bloomberg, who opposes the tax, privately called some key hedge-funders asking them to stay in New York.

However, hedge fund managers are not convinced. Their continuing reason for leaving New York is that there is still a threat from the New York legislature to enforce a tax until the budget has been approved and its removal from Albany’s budget plan is contingent on reaching other compromises. In addition, there is no basis to conclude that the New York State legislature will not reintroduce the proposal next year. … Full article: Source

Update: New York hedge-fund manager tax plan to raise $50m is overturned From Bloomberg.com: New York lawmakers unanimously repealed a measure to raise $50 million a year by taxing hedge- fund managers who commute into the state, Governor David Paterson said. … Full article: Source

See yesterday’s related article: NY funders wined and dined by Connecticut g......................

To view our full article Click here
Article link
Banner
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. SWF Institute rankings: total sovereign wealth funds' assets amount to $5,473bn[more]

    Benedicte Gravrand, Opalesque Geneva: - According to the SWF Institute's latest Sovereign Wealth Fund Rankings, the total amount of sovereign wealth funds' asset under management is now $5,473bn, to which oil and gas relate

  2. Mariner’s incubation platform takes on new volatility arbitrage fund[more]

    Benedicte Gravrand, Opalesque Geneva:- Mariner Investment Group, a $10bn alternative asset manager headquartered in New York which launched an

  3. Dechert details four key ways AIFMD will impact on US investment advisers[more]

    Beverly Chandler, Opalesque London: Law firm Dechert has published a note on how the European AIFMD regulations will impact on US investment advisers. The

  4. Permal extends relationship with MSCI[more]

    From Thehedgefundjournal.com: Permal Group, the alternative asset managers with approximately $24 billion assets under management, has extended its relationship with MSCI Inc. by adding the majority of managers from its Jubilee product range (formerly Fauchier Partners) to the funds it analyses thro

  5. Litigation funding is here to stay: Over the last eight years John Walker has developed highly specialised skills in providing funding for and managing insolvency, commercial and multi-party litigation. He is managing director of IMF(Australia), which is the largest litigation funder in Australia.
Click here for More about Opalesque Tracking
- A new, unique Premium Service -
  1. blackstone
  2. Peak 6
  3. One William Street
  4. Securis
  5. Haymarket
  1. managed account
  2. Ucits
  3. ubs
  4. people
  5. Dymon