Latest Hedge fund management News

Sinema took Wall Street money while killing tax on investors

Aug. 13, 2022 20:55 PM EDT

WASHINGTON (AP) — Sen. Kyrsten Sinema, the Arizona Democrat who single-handedly thwarted her party’s longtime goal of raising taxes on wealthy investors, received nearly $1 million over the past year from private equity professionals, hedge fund managers and venture capitalists whose taxes...

Dems change some tax provisions as they ready economic bill

Aug. 06, 2022 02:58 AM EDT

WASHINGTON (AP) — Democrats pared part of their proposed minimum tax on huge corporations and made other changes in their giant economic bill, Senate Majority Leader Chuck Schumer said Friday, as they drove toward delivering a campaign-season victory to President Joe Biden on his domestic agenda....

Sinema gives her nod, and influence, to Democrats' big bill

Aug. 05, 2022 15:49 PM EDT

WASHINGTON (AP) — Sen. Joe Manchin sealed the deal reviving President Joe Biden’s big economic, health care and climate bill. But it was another Democratic senator, Kyrsten Sinema of Arizona, who intently, quietly and deliberately shaped the final product. Democrats pushed ahead...

Court battles go down to count deadline in Pa. Senate race

May. 24, 2022 17:57 PM EDT

HARRISBURG, Pa. (AP) — Former hedge fund CEO David McCormick went to Pennsylvania's highest court Tuesday in an eleventh-hour bid to help him close the gap in votes with celebrity heart surgeon Dr. Mehmet Oz in Pennsylvania's neck-and-neck Republican primary contest for U.S. Senate. ...

Pa. Senate GOP primary too close to call, recount likely

May. 20, 2022 20:55 PM EDT

HARRISBURG, Pa. (AP) — Pennsylvania’s Republican primary for an open U.S. Senate seat is too close to call and is likely headed for a statewide recount to decide the winner of the contest between heart surgeon-turned-TV celebrity Dr. Mehmet Oz and former hedge fund CEO David McCormick. ...

Ruling in securities case could mean limits on regulators

May. 20, 2022 16:18 PM EDT

NEW ORLEANS (AP) — A divided federal appeals court panel in New Orleans has vacated stiff financial penalties imposed on a hedge fund manager by the Securities and Exchange Commission, ruling that he was unconstitutionally denied a jury trial by the agency. This week's 2-1 ruling...