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Hedge fund manager charged with insider trading

NEW YORK (Reuters) – A California-based hedge fund manager surrendered to FBI agents on insider-trading charges on Friday, an FBI spokesman in New York said. The FBI spokesman said an indictment would be unsealed later on Friday in federal court in New York outlining the charges against Doug Whitman, the…

Hedge funds raked in $6.1 billion in August

(Reuters) – Hedge funds took in $6.1 billion in August as the industry outperformed slumping markets, according to data released on Monday. August marked the seventh month this year when inflows into the $2 trillion hedge fund industry exceeded redemptions, according to figures compiled by BarclayHedge and TrimTabs Investment Research. Hedge…

Tax rate adjustments to pay for Obama jobs plan

The president’s $447 billion plan for tax incentives and infrastructure spending to create new jobs would be paid for by adjusting the tax rates of wealthy Americans, such as hedge funds managers and corporate jet owners, laying the burden of continued economic recovery at the feet of those who’ve seen…

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