Hedge Fund Directory

As if Hedge funds don’t have enough of their plate already, they are now being adversely commented up on by US presidential hopefuls — more for media mileage than for any meaningful discussion!

There an interesting article here:
Hillary ClintonTakes Aim at Hedge Funds and Mergers & Acquisitions

According to the Political Radar blog, Hillary Clinton commented on the tax breaks currently enjoyed by some in the industry: “We also have to reward work more, and by that, I mean, I have people in New York working on Wall Street as investment managers, as hedge fund executives.

Under the tax code, they can pay a lower percentage of their income in taxes on $50 million than a teacher or a nurse or a truck driver in Parma pays on $50,000. That’s very discouraging to people. You just feel like, “Wait a minute. I’m working as hard as I can.” All those people you see in your law office. They’re working as hard as they can and they feel like they’re just getting further and further behind.”

She is not alone in pointing out this discrepancy though as other democrats like Barack Obama and Edwards have also commented on the tax policy that sometimes does appear to be targeted incorrectly.

A really interesting fact to be noted here is that Hillary Clinton’s daughter, Chelsea Clinton works for a hedge fund, the Avenue Capital Group!