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 Hedge Fund Manager Pay A Times article about hedge fund manager "pay" turns out not to be about "pay" at all but rather in part to be about the increase in the value of the investments of hedge fund managers. Though the headlines speak of "lavish paydays" and "huge pay," the text of the article includes passages such as:
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Global Wealth Tax A Times news article about rich people includes the sentence, "In Britain, which, unlike the United States, does not tax individuals on their reported global wealth, the number of investor visas rose by a quarter in the first three-quarters of 2013." That's a strange formulation — the U.S. in fact doesn't tax individuals on their "reported global wealth," but on their global income. The difference between income and wealth is something that reporters and public policy makers often get confused about.  Who Is S. Donald Sussman? The New York Times has a fascinating article about a supposedly woman-owned hedge fund that in fact was backed by a man, S. Donald Sussman. Reports the Times:
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SEC Looks at Barney Frank's Plane Provider The "woman owned" hedge fund backed by male Donald Sussman, whose private plane ferried two Democratic members of Congress, including Barney Frank, for a wintertime trip to the Virgin Islands, is the subject of a formal investigation by the SEC, the New York Times reports. I'm generally not big on "under investigation" stories, but the whole Sussman situation is such a classic that this one probably merits some kind of exception. Global Wealth Tax A Times news article about rich people includes the sentence, "In Britain, which, unlike the United States, does not tax individuals on their reported global wealth, the number of investor visas rose by a quarter in the first three-quarters of 2013." That's a strange formulation — the U.S. in fact doesn't tax individuals on their "reported global wealth," but on their global income. The difference between income and wealth is something that reporters and public policy makers often get confused about. Hedge Fund Manager Pay A Times article about hedge fund manager "pay" turns out not to be about "pay" at all but rather in part to be about the increase in the value of the investments of hedge fund managers. Though the headlines speak of "lavish paydays" and "huge pay," the text of the article includes passages such as:
and
Who Is S. Donald Sussman? The New York Times has a fascinating article about a supposedly woman-owned hedge fund that in fact was backed by a man, S. Donald Sussman. Reports the Times:
More:
SEC Looks at Barney Frank's Plane Provider The "woman owned" hedge fund backed by male Donald Sussman, whose private plane ferried two Democratic members of Congress, including Barney Frank, for a wintertime trip to the Virgin Islands, is the subject of a formal investigation by the SEC, the New York Times reports. I'm generally not big on "under investigation" stories, but the whole Sussman situation is such a classic that this one probably merits some kind of exception.
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