Legislation that would boost the tax rate paid by many hedge fund and private equity fund managers was introduced in the U.S. House of Representatives by Democratic Rep. Sander Levin.
Following the G20 meeting in London, the OECD released a list with uncooperative jurisdictions that have not committed to the internationally agreed tax standard.
The Children??s Investment Fund, the $9.5bn London hedge fund, is betting heavily on falling share prices in Japan by taking short positions in big companies there totalling more than $1bn.
Fairfield Greenwich accused of turning blind eye (Fund News)
In the first regulatory action against one of the big so-called ??feeder? funds that channelled money to Bernard Madoff, the top securities authority in Massachusetts on Wednesday accused Fairfield Greenwich of deliberately turning a blind eye to the former broker??s Ponzi scheme.