Renaissance Defends 'Basket Options' In Front Of US Senate
The US Senate Permanent Subcommittee on Investigations called Peter F. Brown, Co-Chief Executive Officer and Co-President of Jim Simons' Renaissance Technologies LLC, among others, to testify on the use of basket options accusing the hedge fund of trying to evade taxes. But according to Brown, the basket options were a practical solution to a strategic problem and the tax implications were more of an afterthought.
“Deutsche Bank proposed a basket option transaction . . .
This content is exclusively for paying members.
If you are subscribed and having an account error please clear cache and cookies if that does not work email email@example.com or click Chat.