Tuesday, July 5, 2016

Panama Papers Reveal Yet Another Secretive Aspect Of Hedge Funds

The Panama Papers show how some offshore companies were used by hedge funds and their customers to invest in so-called feeder funds that, in turn, directed the money into other investment funds.

NEW YORK — The kinds of secret offshore companies that have hidden political corruption and tax evasion around the world are often used by Wall Street's biggest money makers — the $2 trillion hedge fund industry. The now-famous Panama Papers leak offers rare insight into the workings of this exclusive investment club. Hedge funds accept individual…


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