Steve Mnuchin to Wall Street: Time to pay up. The Trump administration is targeting an effective tax-rate hike on hedge funds and some accounting firms as part of a broader overhaul of the US tax system, Treasury Secretary Steve Mnuchin said Tuesday at an industry conference. Hedgies typically have their income taxed at a lower...
NYS Entity Status
NYS Filing Date
SEPTEMBER 19, 2013
NYS DOS ID#
NYS Entity Type
FOREIGN LIMITED LIABILITY COMPANY
2013 - HEDGE FUND SELECT
Around the Web
- Steve Mnuchin signals higher taxes for hedge funds
By Kevin Dugan, Carleton English - Tuesday Sep 12, 2017
- Hedge fund manager closes firm to pursue politics
By Carleton English - Tuesday Sep 19, 2017
Connecticut needs a hedge fund manager to solve its problems. That’s according to 48-year-old David Stemerman, who said Tuesday he will shut down his hedge fund, Conatus Capital, to explore a gubernatorial run — even though the state’s fiscal woes have been partly blamed on the downturn in the hedge fund industry. “Connecticut … is...
- Behind an $18 Billion Donation to a New York Charity, a Shadowy Chinese Conglomerate
By MICHAEL FORSYTHE and ALEXANDRA STEVENSON - Wednesday Jul 26, 2017
A Chinese man has transferred more than 29 percent of HNA Group of China to a private foundation, adding to the questions about the firm’s structure and political connections.
- Martin Shkreli is found guilty of fraud
By Stephanie Clifford and Colin Moynihan - Friday Aug 4, 2017
NEW YORK — Martin Shkreli, accused of defrauding his hedge fund investors and a pharmaceutical company, was convicted on three of eight counts on Friday, after a five-week trial in U.S. District Court in Brooklyn, N.Y.Shkreli was accused of securities and wire fraud related to two hedge funds he ran, MSMB Capital and MSMB Healthcare.The prosecution brought forth an “avalanche” of evidence, as prosecutor Jacquelyn Kasulis put it in her rebuttal argument, that included a threatening letter he sent to the wife of a former employee, statements he sent to MSMB investors showing great returns at the same time he had no money in fund accounts, three versions of a backdated agreement to make it look as if MSMB Capital had invested in Retrophin when it had not, as well as claims about assets under management that were wildly out of line with his actual fund size.
- Third Point, a Hedge Fund, Sets Its Activist Sights on Nestlé
By MICHAEL J. de la MERCED - Sunday Jun 25, 2017
The fund, run by Daniel S. Loeb, has called on the Swiss food giant to sell its stake in L’Oréal and move more quickly to adapt to changing consumer tastes.
- Bacon’s Moore Capital fires workers amid hedge-fund woes
By Carleton English - Thursday Jul 13, 2017
Louis Bacon’s hedge fund just got a little leaner. The billionaire’s Moore Capital Management cut 30 jobs at its New York and London offices, a spokesperson for the firm confirmed. Moore Capital’s headcount reduction accounts for 7 percent of the $13.4 billion fund’s 427 person workforce. “Like many firms in our industry, Moore Capital Management...