four
5,087 posts
msg #143274
- Ignore four |
4/20/2018 11:59:27 AM
Hedge-fund billionaires were already struggling to keep investors from heading out the door. Then along came another problem: big tax bills.
David Einhorn, John Paulson, Steve Cohen and other high-profile managers cumulatively owed billions of dollars to federal, state and local governments for taxes, thanks to a 2008 rule change tied to offshore holdings that gave them a decade to comply. To make the payments, they had to pull some of their own money from their funds.
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https://www.bloomberg.com/news/articles/2018-04-20/hedge-fund-titans-pull-money-from-funds-to-pay-massive-tax-bills
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