Adage Capital Management Shakes Up Hedge Fund Industry With Refund Guarantee
Could the hedge fund landscape be in the process of changing? Hedge funds have often been criticized in the past for their exuberant fees and performance charges, all the while, a majority are under-performing their benchmarks. Even Republican presidential candidate Donald Trump took to the airwaves to criticize hedge funds’ “carried interest”, favorable taxation that allows hedge fund managers to tax profits as capital gains rather than income taxes, which carry a higher tax rate than capital gains. According to a
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