hedge funds Rentec-tax-savings

‘Game’ Allowed Hedge Funds 10X Leverage, Says Senate

Barclays Managing Director Martin Malloy, Deutsche Bank Securities Managing Director Satish Ramakrishna and Renaissance Technologies co-CEO and co-president Peter Brown are amongst the witnesses called upon to testify today at a hearing in the Hart Senate Office Building.

At issue are allegations that two global banks and over a dozen hedge funds improperly used “basket options,” a structured financial product, to “dodge . . .

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